This is a 3x TECH short ETF, XLK (TECH) is one of the assets that is positive on charts like 2 min, but the 1 min is now negative. I can't get a true read until there's migration over to the next timeframe, but overall TECS looks good, it's in a good spot, I'm putting in a reduced risk size.
If I had other charts like 2 and 3 min confirming (this is so new), then I'd go for an XLK Put.
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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