We talk a lot about head fake moves being the last thing before a reversal, the only thin I see in XLF is a move exactly ONE CENT above intraday resistance, that mov couldn't spark higher highs and looks like it was hit with distribution.
On a 5 min chart at the EXACT spot
And there it is, 1 cent above intraday resistance.
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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