DIA short term 1 min 3C chart, note there's a triangle consolidation sitting just above the breakout trendline, I would expect a false upside breakout from this triangle and then a move below the breakout trendline, probably on increased volume.
The 5 min DIA chart suggesting the same
However, the big picture, looking at the most important chart, the 30 min 3C chart of the DIA is not only positive, but in a leading positive divergence throughout the base, a very bullish signal.
QQQ consolidation triangle this a.m.
QQQ 1 min 3C chart
SPY 5 min 3C chart suggesting, as expect and expected early yesterday, a break below the base's breakout trendline.
However, once again the long term 30 min 3C chart is very bullish and in a leading positive divergence through the base.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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