From yesterday's descending triangle, it made a move that is confirmation of the bearish price pattern where traders will act (shorts enter) and now it's moving to trap those shorts and create a short squeeze.
Calls were entered yesterday right around this price area for an expected move higher.
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
No comments:
Post a Comment