I guess the sentiment of institutional investors are quite bearish recently which can be seen from the 3-month treasury bill yield. The market seems impatient while waiting for the news of the bailout plan, and the good news might have been priced in. A big selling off is possible, but Federal Reserve will likely cut the rate by 50 bps once SPX retests the last Thursday low. So no fear.
SPX 60-min:
QQQQ 60-min:
The correction might be over and it's ready to take off.
XLF 60-min:
SKF 15-min:
Maybe the consolidation is over? I should close my position as soon as the gap is filled. There will be a good entry point after the news is released.
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SSCC: no update today.
TAN 60-min:
Correction.
DBA 60-min:
It's unclear how long the correction will be.
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