GM RSI hit oversold on the daily and MFI is moving up.
No idea if it goes straight up like Jan or double bottoms like Oct, Fed meeting next week.
Seems to me like the futures algos are on a melt up, there's some serious money pumping into the market on these morning gaps down. The worst of the news is probably over except the Fed next Wed.
This whole year has been strange, but I want to remind everyone that the Dot Com bubble happened with interest rates higehr than they are now.
No idea if it goes straight up like Jan or double bottoms like Oct, Fed meeting next week.
Seems to me like the futures algos are on a melt up, there's some serious money pumping into the market on these morning gaps down. The worst of the news is probably over except the Fed next Wed.
This whole year has been strange, but I want to remind everyone that the Dot Com bubble happened with interest rates higehr than they are now.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.