After watching a.m. trade develop, I feel pretty certain we'll have a pullback shortly, possibly a gap fill. There's some slight damage on the short intraday charts like 1, 2 and 3 min. Where it really counts, at 5 min, the charts are still strong so I'd guess this is what I expected last night, some early weakness, but nothing to be too alarmed over.
I'd like to see how the market reacts to a pullback, if there's accumulation, if so, which I expect, then there may be some good opportunities to get in (LONG) on some assets you might have been eyeing. I'll keep updating the situation.
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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