I still think we'll get a corrective bounce, but the market is still weak.
XLF 1 min has a good basic chart that shows why we should expect a bounce, but even as an aggressive trader, I wouldn't try to trade it.
There's a more recent 1 min positive, there have been some more recent positive divegrences since about 2 pm and we have a rounding process about the right size. To reiterate though, this is still one of the weakest positions for a bounce in to the gap I've seen.
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