I'm still waiting to add, the break below the small intraday triangle today doesn't mean much to me, the Bollinger Bands (10 min) do.
It's difficult to give a target, the best I can do is use the larger triangle's measuring implications which gives us about $690, which would be great if the charts keep moving the way they are, that's why I don't believe in this move, especially not this early in the day.
I'm guessing we just get a bigger triangle.
Look for a reversal at the moving average and the 10 min BB's to compress and pinch, then look for a move up and we'll watch 3C.
3C 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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