Intraday we look to be getting toppy here, I would say we are on the edge of an intraday pullback.
However, I believe after that we'll have another leg higher, whether it can put that leg together today or not, well I doubt it with op-ex and all.
I'll post some charts, but if you just recall the IWM futures and the others from last night, they are more indicative of that next leg higher, but at the same time that next leg higher needs to be used in my view for long term shorts/core positions.
I'll get some charts up next.
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
No comments:
Post a Comment