I'll be putting up charts of course, but it looks to me the probability of the bounce we are looking for is still on, however it is not one I would play, it's just way too dangerous, not nearly enough reward vs risk. In fact I'd only be shorting in to strength, but as you know, I'm already loaded with my shorts.
Everything from last night's Futures update still holds, I'm making a lot bigger deal of a bounce than is really reasonable next to those charts and the big picture which for all intents and purposes is here now.
Charts to follow.
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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