As already posted yesterday in quite a large post, I suspect tomorrow the market will continue, likely to the downside a bit, but still within a range that is fairly tight and continue the reversal process as all indicators are falling apart to the degree that I suspect the reversal process will end this week, perhaps waiting for monthly option expiration Friday and in to the next leg, pivot down which is looking like it could be very serious as anticipated in April 2nd's forecast.
I think it's still a very rangey market to try to trade very short term and would rather use what we can to enter the larger swing/trending positions.
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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