I don't expect a big deal here, just a little relief from the early downside move, kind of like a steam check valve letting out a little pressure.
If you want to see how I picked this up, take a look at the intraday TICK.
Here's some early additional damage done to the QQQ 5 min chart, this is interesting because it's sort of a long timeframe to move this early.
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
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