I'm not crazy about adding before the F_O_M_C, but I have no problem with the partial position picked up yesterday, I have no problem with the 3C trade today. All the reasons I decided to start a partial position there yesterday remain today and have even increased.
Here are the charts...
FB 1 min
FB 2 min
FB 3 min-the thing here is FB IS NOT confirming the downside move, in fact it is staying positive and getting more positive.
FB 5 min
And now the 15 min is moving in to a leading positive position.
I'm VERY tempted to add here, if it weren't for the F_O_M_C I might have added here. I'll keep an eye on it, maybe I will see something that will change my mind and I will add?
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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