There are several intraday charts getting ugly here, I'm not a huge fan of intraday fade trades and would treat them as speculative, but it looks like there's an opportunity to fade to the downside a bit in to the close.
DIA 2 min, my least favorite...
IWM 2 min, not much better...
QQQ 2 min looks interesting, but I really like...
SPY 2 min as it's leading negative intraday and...
ES/SPX e-mini futures are also leading negative intraday.
The custom TICK indicator is also going south as far as intraday breadth. Or you can just take in the information.
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
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