We are getting intraday 1 min chart signals that have gone negative so a pullback is underway in most averages, like I said in the last post, the TICK was invaluable in determining where.
The question now is, "How far does it pullback?"
This could be a nice pullback that we can really take our time with, but I would not count on that.
I'll be getting together all of the tickers for any options positions I'm considering and have my list all together ASAP because we don't know how long or deep this will go but we do know that it is VERY likely that the market will shoot up on the next run.
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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