I really dislike days in which so much happens so quickly so late in the day.
The market averages have had short term charts in negative position for a pullback, the theme today though has been the 1 min charts have been "In line" or moving right with price which tells me the price trend (whatever it is) will continue until there's a divergence. FINALLY, we are seeing negative divergences in those 1 min charts (this is now more of a timing issue), as soon as I have a chance to post them, I will.
I'm still expecting this to be a pullback toward the bottom of the range I showed you and maybe a 1-2 day trade, but as always we'll listen to the message of the market and take what the market gives.
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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