While it's not as obvious in the SPY, DIA and QQQ, the IWM is definitely throwing negative divegrence signals to the point, it is coming down intraday, that may help answer some of the other questions as we see how it acts as it comes down.
I'd expect the other averages to follow, but perhaps the IWM leads and has the worst relative performance.
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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