It takes a bit of time to capture, upload, comment and post; while I was doing that this happened...
That's 3 intraday calls today that have worked out just as 3C was showing, 1)the gap fade up instead of a break lower 2) the consolidation on the 1 min negative and 3) a bone for the shorts
This is that bone (or at least the start) that I just posted would likely be seen.
The shorts see today as a "bounce" and failed attempt at gap resistance. 10 years ago I would have shorted a set up like this.
Like I said, I'm not too concerned with it, we've had a week of leading positive divergences suggesting more upside in the short term timeframe (which I would normally define as 5 days or so-although lately that seems to be a little optimistic).
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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