back to the cat almost ready to begin using a cane. market has not changed a bit chop around value area building new market value (and energy) then rally to new highs. Think BIG P PATTERN with the left side of the P taking the most time overlapping and rally to new value.
What is the fed futures chance of rate hike. I don't see it matters much. As often happens markets rise as interest rates do TILL THAT 3% RATE IS HIT.
Was glad to see tnx stay above 2. if it went below 2 that would be a sign the 8.5 year recovery was in trouble.
Its funny how seasonality and old sayings often do not work but charts do. thats why i hate some of the crash is soon and the market is treated like horse racing.
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