At least momentum is headed in the right direction, I'd like to see some higher highs to look at XLF puts, probably May expiration, I don't want to cut it too close and rather go back to having more time than I need.
Right now XLF is still negative from yesterday, I'm hoping at least the 1 min will go positive so I can tell when intraday momentum is fading and look at Puts there.
With those longer term Futures 3C charts looking the way they do, it's no wonder there's a 20+ point negative dislocation in the CONTEXT ES model.
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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