Algos appear to be buying because RSI and MFI hit oversold, but it looks more like a bear flag to me so far. I'd like to see anotehr drop before going long.
I'll figure it out tomorrow I guess. Like I said earlier, usually takes 3 days for the market to digest news. The Fed is real news, yields rising today.
I'll figure it out tomorrow I guess. Like I said earlier, usually takes 3 days for the market to digest news. The Fed is real news, yields rising today.
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Strange day though, all kinds of garbage stocks are green on a day where yields are rising. The last thing I would want to buy with the Fed being hawkish.
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The way I see it, it'd be really strange for the market to rally one or two trading days after the Fed chair tells the world he's gonna inflict pain on people, lol.
Patience.....
Patience.....