So far there's nothing on the 3C charts that suggests we are seeing anything more intraday than some gap filling, but it doesn't matter how we open, it's how we close. The indications on the charts have been VERY clear since Thursday and a move down is what has been indicated, thus setting up all those shorts the last few days.
I'm still poking around and it is no time for a victory lap, but so far so good.
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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