So far so good.
The Yen made a move to the upside which sent the USD/JPY down as we expected...
USD/JPY move down this morning...
The intraday SPY chart was fairly well turned around as we saw the other intraday charts last week.
We still have these larger 5 min negative divgerences so I suspect this move is just getting started.
I'll only have the VXX calls for this move, but I'll likely clean up some leveraged short positions and get ready for the next move, but one bridge at a time.
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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