Here's what I'm not liking about the SPY, the Q's are holding the best on the 3C charts followed by the R2K, not actually all that good, but better than the SPY, the DIA is almost as bad as the SPY.
ES-I think it's pretty obvious what I don't like here, which makes sense as I said yesterday the 1 minute charts were like a shiny veneer over a core of rot.
SPY 1 min intraday chart...
Half this position was closed at a fill of $1.28 for a +30.5% 1-day gain (actually less). I will be watching for the other half.
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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