It looks like an intraday pullback, glad I closed the SPY calls. I'm guessing this is Yellen related, but a gap fill wouldn't do any damage to the overall chart/base picture, in fact it would help it, but for intraday traders, you might be interested in this...
SPY 1 min. So far it is contained to 1 min intraday charts only.
As I said, a gap fill wouldn't hurt the overall base area.
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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