I think we'll see some upside pretty soon as part of the a.m. trade, usually declines of this magnitude this early don't hold throughout the day, it may very well close worse, I'm more looking for the next few days though, I'm just saying that it's likely we see intraday volatility to shake traders loose.
There are some early indications that this is probable, I'm capturing the charts now. I'm still keeping put positions open despite any upside volatility, like I said, I'm looking for a move larger than a day.
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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