I'm going to wait a little bit and see if the market pulls back just a bit, the QQQ chart and ES 1 min intraday looks like it will...
Intraday relative negative divergence among a large leading positive, but still short term.
NQ futures with a small intraday negative
ES with a small intraday negative
The 5 min charts aren't where I'd want them to be to take on the weekly options trade, volatility is increasing so on a pullback, or you could even start phasing in here as long as it's part of your risk management plan, I'll be looking at a 3x leveraged position like TQQQ or UPRO, this is for a short term trade only. I'll let you know what moves I make, but these will be speculative size (50% of a normal position).
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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