The TICK chart so far reveals a very uniform, very quiet market in an incredibly thin range with no trend having developed yet, this is not uncommon for a low volume market day such as this, but neither is extreme volatility. Price action thus far doesn't mean much to me at all, especially with a TICK chart this quiet.
The SPY has shown much more movement than the TICK, thus far I don't put any real value on the price chart with the TICK this flat, in addition you know how I feel about the value of early trade for analytical purposes.
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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