Intraday charts were expected to continue to post larger negative divegrence, but in to higher prices , more so than today.
The intraday charts are turning south, the IWM is obviously leading (it has had a different relationship and absolute lack of a Dominant P/V relationship, suggesting it has some different dynamics) , but the others should be in tow intraday.
I am right in the middle of a larger market update, but wanted to get this out ASAP. As far as larger implications as we head in to earnings season and the F_E_D will have to up the Dovish talk to get anything done apparently, unless even a change of character there is underway which would be one of the most significant F_E_D Perception developments since 2009. I don't think chasing or acting out of emotion is a wise strategy, but in case some of you shorter term traders need the info, there it is.
The market update should be out in the next 10 mins or so.
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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