Not much to report on the ES futures front, so far they're trading in about 2.5 point range, very tight! NASDAQ futures are nearly a carbon copy of S&P futures.
I'm wondering if the PPT is active, not that you can tell much from this very thin market with no Treasuries or other important markets open, but the tight range thus far is interesting as is the seeming defense of $1.29 in the EUR/USD and so was the close of ES this morning with the first positive divergence of the entire night right before the close, enough to lift the futures over the $1400 level.
Even with the market closed, we might just see something VERY interesting in the a.m., possibly the PPT in action straight from 33 Liberty Street.
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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