As we saw the early initial opening indications were good on the 1 mi timeframe, on 2 mins there was no follow through which looked to be a hollow move. US ISM beat solidly sending the market higher at 10 am (more on that in the next post), but now appears to be seeing a fade of that initial excitement.
Charts coming, it's a bit strange thus far today, especially the US ISM and the market's reaction now.
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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