In looking real quick at the chart and the probabilities for tomorrow, at least early on, it's a tough call because the divergences move from the fastest timeframe to the longest, there's a lot of short term timeframes with damage and it would seem they will keep moving toward some intermediate timeframes like 10-15 min. since we have had this several day "bear flag like" move.
It looks that the probabilities are probably for some more upward movement in this move, but I think deterioration will continue. Here's an example of what I mean.
In white is the bear flag like move I mentioned, although today's shooting star is very ugly, volume doesn't seem quite high enough, the way things look now, it seems tomorrow it may in fact be ugly enough. I'll post charts showing more.
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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