We’re in for a very interesting 72 hours, that’s for sure. As we await the Fed, however, here are a few charts. I’ll be watching this tinted yellow on the bonds quite carefully. This would be an appealing entry point for a short:
The ES and NQ are both quite green at the moment, but in spite of that, my view is that NQ is simply making repeated – and failed – attempts to vault back to the other side of its broken trendline.
It’s been a pretty solid week for me so far. One highlight this morning, even with all the green on the screen, is Potlatch Deltic (whatever THAT means…) which is doing a great job tumbling after its analogous top.
