Anybody have anything? The best I see is the SPY, QQQ and IWM all crossed in to the green about the same time, maybe that triggered an algo to start buying.
I believe Putin and Merkel were assualted by a group of naked women-no really, that happened, although I don't know why that would move the market.
At almost the same time the carry pairs of EUR/JPY and USD/JPY also took out intraday resistance moving to a new high, but that's a chicken or the egg thing.
Also about the same time, ES broke above VWAP which it had been over, but just not moving to the upper channel until all 3 averages made that new high and above the congestion just above VWAP, that could trigger algos too.
ES 1 min VWAP
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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