This is perhaps the most efficient market update for now...
ES/SPX E-mini futures...
ES 1 min intraday with a positive divergence that started in pre-market after such a nasty move down....
ES 15 min still suggests that there's more downside to this move.
Nothing moves in a straight line, options are a bit trickier, especially short term because you want to capture downside momentum, not just downside, however leveraged ETFs like SQQ, SRTY, SPXU, FAX and UVXY are all positions mentioned Friday/Monday are different, you can wait an intraday bounce out in those and hit lower prices and that's what you have, more gains.
All of the recent short/put positions are doing well, VXX long, UVXY long, AMZN short, XLF short, GS short.
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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