As I showed you in the last update what I thought about the near term action in the market today, I used the SPY as an example to get the update out, but here's a look at the other averages.
SPY breakout from the triangle
DIA 1 min intraday negative at the breakout above the a.m. range.
DIA 5 min is now leading negative
IWM 3 min leading negative
IWM 5 min leading negative
QQQ 2 min leading negative-pretty bad too.
QQQ 3 min leading negative, also bad.
Is interest rates about to start going up?
-
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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