It looks like the market is about to come down, remember today is an op-ex Friday so there is a pin range most likely until about 2 p.m.
In any case, the Index futures intraday charts are starting or are continuing to look weaker ...
ES 1 min has held up best thus far after being nearly flat all night.
However it is starting to see a stronger negative in a parabolic-like price area.
Watch Financials as they are closely connected as well.
TF has had a sharp negative all morning which dovetails with the longer 5-7 min like last Friday before Sunday's opening decline and Monday a.m.'s.
And NQ looks to be the worst (NASDAQ 100 futures), also seeing an increasingly deep intraday negative here.
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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