This will be followed by charts. Since my first market update post this a.m., I have suspected a pullback or consolidation move. I don't see anything that changes my mind about that, however very near term as in the last hour, there is a 1 min positive divergence on most averages suggesting a move higher intraday coming, it does not go much beyond 1 min so I don't think it is anything other than an intraday wiggle.
Charts coming next.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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