It was touch-and-go during Sunday’s trading, but the futures eventually got their act together and pushed themselves into the green.
It’s a modest recovery, however. It would be nice if it was so easy to get away with such a small bounce, but it’s not usually that simple. At the moment, the 4 hour bar is a shooting star, but let’s face it, we’re deal with a pretty fine granularity here. I’d be a little more comfortable if we got up to that dashed line.
Across the board the stock futures all look pretty much the same: weeks of lower lows and lower highs, with a puny bounce this morning.
Like I said……….
The key is that bonds keep crumbling. If they do, interest rates rise, and the market will start to realize it should absolutely freak out. Onward!
