While the 1-min divergence was short lived if lived at all, the 5-min divergence persists which suggests a move to the upside in the next day or two, at least as of now. I would not change anything with the core shorts, but perhaps some of the longs will pop, I will have to re-evaluate the stops and entries based on today's decline.
Any 5-min positive divergence is an indication of a retracement which is totally normal
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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