This isn't the tight "V" reversal in the NYSE Tick (intraday), but it's clearly transitioning to the upper part of the channel and above it.
COST by the way is an asset that I'd like to short, but in the very near term, again for a speculative long, maybe a call option, it looks like it too is getting ready to make a run to the upside.
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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