We now have negative divergences in the 1,5 and 10 minute 3C charts, I'm surprised it made it to the ten minute chart. there is some serious distribution happening. Since we failed to make a higher high, we either go lower now or consolidate at this level.
It appears to me that we go lower.
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
2 comments:
Hi Brandt,
Can you please keep us up to date on the long oil trade and when it looks like a good time to close. Thanks!
Good idea. I just closed it and added to my short positions.
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