When you see NASDAQ, S&P 500 and Gold all pumping together, treat is as unusual and identify the reason behind it.. Traditionally gold is a risk off asset and flows into gold happen when market is fearful, while equities like NASDAQ and S&P 500 are risk on where money moves in when investors are confident. So what happens when the interest rate is cut?? If the USD is weakening, both US equities which aredenominated in dollars and gold priced in dollars tend to rise together. Immediately following the cut, long term yields e.g. the 10-YR rose, rather than falling. The 10 year yield briefly dropped toward 4.00% around the interest rate announcement but then moved up and closed higher around 4.14%.
Now i had last week said when we hit the low .. say hello to 3737 - 3750 .. as i look at price as a mirror.. and here we are. I think we will consolidate in this area unless they want to hit $3800
Asia will tell us that ..
see how much time we spend on the delta 1hr .. approximately 6 hours where shorts were being absorbed.. .. surely was an unusual Monday
Now i had last week said when we hit the low .. say hello to 3737 - 3750 .. as i look at price as a mirror.. and here we are. I think we will consolidate in this area unless they want to hit $3800
Asia will tell us that ..see how much time we spend on the delta 1hr .. approximately 6 hours where shorts were being absorbed..
.. surely was an unusual Monday 
Candlesticks dont move markets, Volume does
