I want to get the charts out before the President speaks, I'm thinking buy the rumor/sell the event, but that could be good as I'll show you with the Q's.
DIA 1 min intraday slightly negative
2 min overall is in good position, but intraday there's a negative divergence like the 1 min chart above. I'm guessing there's some profit taking on the move up and some short covering.
3 min chart is as positive as I could expect.
The 15 min chart, the most important for the overall trend, leading positive in a big way.
QQQ 1 min intraday negative, but intraday negative.
2 min is now going negative on the intraday chart, but the trend is leading positive.
Just as the 3 min is leading positive above even the area it broke below.
5 min QQQ leading positive is insanely positive.
As is the 10 min, imagine a pullback as I drew with 3C moving up higher, that would be incredibly bullish.
Here's the speech, Ill get to the rest later.
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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