I've been arguing for a move back above Friday's late afternoon breakout, the entire point of the breakout cannot be fulfilled in 30 mins. at the end of Friday, the intraday short term charts are now even more positive then they were and I think the move happens, but past 1 min charts no strength has developed in other charts, that means any move up is a manipulated move, there's no real strength behind it and this is where I really want to watch for places to add positions and for a fast reversal when it comes.
Here are the intraday charts, all 1 min because there's not even 1 2 min positive chart.
SPY 1 min stronger leading positive
NASDAQ Futures 1 min starting to lead positive
QQQ 1 min leading positive at a stronger, higher high. This should move the market up, but it's deceptive move and a gift for us.
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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