If you want to play a counter trend move on today's intraday action, XIV was asked about and it looks like it is ready for a move up, but you need to be nimble, this could very well be a simple day trade, we have to see how the charts develop, but here's what we have now...
1 min leading positive looks like someone knows the intraday direction is about to change and there are other 3C charts I was about to post along these lines.
There's no positive divergence on the 3 min chart so I would consider this a very short term trade or a day trade for now.
The last positive divergence on a 5 min chart produced a small move up, now that there's 2 we may watch this as a potential longer trade than just a day trade, but as I said, we will have to let it develop and confirm.
At 15 mins the trend is clear, it's very negative so I would make sure you understand this is a speculative trade, you need to be nimble and it's likely a very quick trade
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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