I'm referring to the ramp...
QQQ 1 min attempt to ramp EOD
2 min chart shows no migration so the underlying strength of the 1 min chart is not very strong
The TICK shows stocks moving out of the channel, I'm not sure what it looks like this minute
ES 1 min is showing distribution in to the attempt, which is the point of the attempt.
QQQ momentum , RSI and the Stochastic Embed have all fallen out (lost momentum) which isn't good for an EOD ramp attempt.
Most importantly, even if they did try, VXX hasn't moved lower all day and this is the ramp asset of choice, not even in to the EOD.
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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