All of the 3C indicators to some degree and it's rather small, show a slight positive 1 min divergence, although it is in the context of a larger negative divergences plus the 5 min chart negative divergences. My interpretation is that the SPY is getting ready to make one more run at the days highs around $111.47
This is not a strong divergence, it's subtle which means it could also reverse before it plays out.
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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