Is still looking like it may have upside. The averages for the most part are in relative negative divergences, but point to a small move up possible in the next wave. The 5-min charts are largely negative, with a few exceptions. The indicators are still a little foggy, but it certainly doesn't have a strong bullish stance. In all cases,SPY, DIA and QQQQ the afternoon retest of the highs failed as far as 3C goes as well as price. This is why we don't make major moves intraday and wait for the close.
I'll try to get one more update before the close, but right now it's looking 70% bearish. At 90% I'd call for a reversal.
CSX is foggy, but it should see upside in the next few minutes with a positive 1 min diverece
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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