It looks to me we'll see a little intraday downside shortly, but this should be used to accumulate a larger position as we have been seeing since the market broke below local support, in other words, "Intraday prices are moving to the top of what is likely their short term accumulation range and they should send them back toward the lower end to accumulate more, we should be able to confirm with larger and longer timeframe positive divergences".
I have a little more in depth market update I'm putting together now for you.
Is interest rates about to start going up?
-
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
No comments:
Post a Comment