There are several signs, although there's a lot of pressure on the market, that still suggest the market is getting ready to make an intraday move or the next leg up intraday.
The Q's are showing this, the SPY, the DIA and to a lesser degree the IWM which has been the weakest in underlying trade for days now.
Also short term futures are indicating the same.
I'll have charts out shortly, I wanted this update to reach you ASAP.
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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