Looking around, it seems the chances of a pop in to tomorrow's expiration is very likely with the intraday charts improving, supply available today, but at the same time the longer charts that show bigger institutional transactions are falling apart at a picked up pace. Is tomorrow perhaps the last hurrah?
Take a look at BIDU/AAPL to see what I'm talking about...
AAPL gave a lot of supply breaking support levels today, the price pattern here alone looks like it's getting ready for a move up
The positive 5 min chart also hints at the same.
However the velocity at which the 30 min chart and others are falling apart are pretty amazing.
BIDU intraday
The 3 min chart looks like BIDU is ready to pounce higher.
The velocity of the 30 min chart falling apart here though is worse than AAPL even, look at that leading negative today alone.
If someone is familiar with the weeklies, I'd sure like to know if the open interest is larger than normal
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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