The ES intraday chart has been horrible all day, a clear short squeeze, part of our head fake move, but this is just running or running out of shorts covering.
ES intraday, the squeeze trendline is broken.
HYG, the patron saint of ramping the market is coming apart as well.
And unbelievable relative performance in VIX futures today, I think this is probably the last good or excellent entry for VXX/UVXY long.
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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