It looks like there will be a small intraday move to the upside, but it seems to have NO support beyond a 1 min intraday chart.
DIA 1 min intraday looks positive here for a move up, however...
Don't forget the 1 min chart's overall or big picture position which is not good.
And the next timeframe at 2 min has no follow through, 3 min looks bad.
IWM intraday 1 min is in line
2 min, not so good
QQQ 1 min is leading positive
2 min is leading negative, this is why I say a small move, it may even be larger, but it looks to have no support, staying power, etc. It looks to be smoke and mirrors.
SPY 1 min is in line and a bit more negative than that.
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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