This is what we should have seen today... This chart is putting in the time, it's doing the work to create a base that can hold a move, even though I'm looking forward to shorting or adding to shorts on that move at some point pretty soon.
1 min chart putting in new leading positive highs today with a nice rounding "process", not an event like AAPL and the market
2 min leading positive with a new leading positive high today
3 min leading positive, no weakness there.
5 min chart built at the a.m. lows and again at a little double bottom with a larger divergence as it should
And of course it's longer term chart is ready to go like AAPL's.
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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