I used Financials as an example, here's Tech though.
3 min trend leading positive, no sign of distribution here
5 min with a large leading positive across a lot of time and at a new leading high
The 15 min chart was strong enough that it even migrated over to the 30 min chart.
I have a really hard time looking at charts like this and closing positions based on an emotional move, these are solid charts for a decent continued move up-don't forget how well the market performed against the flow yesterday and even today being we're not closing in on or under $1400 where we rightfully should be based on the FX correlation
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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