It's a bit early to take much away from a.m. trade, but in all 4 of the major averages, in all 3 of the intraday timeframes thus far, there's not one that is confirming the gap up, everyone in all 3 intraday timeframes is negative which is also what I was expecting to find, distribution in to any strength.
Like I said at the start, it is very early to make a call on this based on a.m. trade, but it is a pretty solid indication so far so I'm going to look at individual assets.
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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