From the last post, here are some chart examples, like I said, they aren't screaming signals, they don't change the big picture, but they may just be the little timing clue.
DIA 1 min example on a relative positive divergence, considering the DIA hasn't done anything on this timeframe all day but tread water, this is the first significant signal all day, albeit not that large.
DIA 2 min-the same is true of the character of the DIA on this chart all day, this is the first significant change.
The IWM has been mostly in line with price until this divergence.
The NASDAQ futures
The QQQ 2 min
The SPY
And Tech...
Finally,
The concept of a bullish or bearish candle at the right spot, which this would be, with heavy volume, has historically been an excellent reversal signal. There is no measurement of the reversal though, it could be a half a day, 1 day, or the start of a primary trend (we have other tools to judge that).
Is interest rates about to start going up?
-
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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