In the fight to safety trade of Treasuries, specifically TLT, the 1 min DID NOT confirm the gap up today suggesting a risk on signal, money out of safe haven assets and in to riskier assets like stocks.
TLT 3 min negative
TLT 5 min negative
TLT 10 min near term negative
FXE
The Euro...
10 min also positive
$USD
And on the opposite side, the $USD 2 min leading negative with no gap up confirmation today
3 min looks even worse
As does the near term 10 min.
All of these are near term risk on signals for the market to see upside.
No comments:
Post a Comment