I'm going to post the long idea FSLR next, I see something I'm not sure I covered before.
First, the intraday charts went negative pretty quickly after having seen protection bid in VIX futures from earlier, this is all just follow through from later Friday's signals, they almost always continue the next trading day.
DIA 5 min leading negative from weakness last week.
IWM is one of the stronger charts and it went quickly leading negative on the 1 min chart
QQQ's 1 min chart went quickly leading negative as was expected early this week.
QQQ 2 min chart just added for some perspective.
The SPY 2 min shows the dramatic change in character this afternoon
And the 5 min showing the negatives from Friday hinting we'd see this reaction early this week
Still, none of the 10-15 min timeframes that are representative of the bounce are damaged at all.
VXX 3 min continues to lead to a new high today.
It seems we are very much on track from Friday's analysis for this week thus far.
Is interest rates about to start going up?
-
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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