Just a few minutes ago in an update I said I think for the market to get a toehold and launch anything along the lines of a bounce, it's going to need more time around the gap lows today, we are getting short term 1 min signals that this is what is happening and likely going to lead to the expected outcome or at least the one data is leaning toward.
DIA 1 m
QQQ 1 m
SPY 1 m
This pullback would give the market the time it needs to do some damage repair, so long as the charts keep migrating, 2 min positive to 3 min positive to 5 min positive, EVEN with prices at lows of the day, the probabilities of that bounce grow stronger and stronger, that is where some plausible trades are to be found.
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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