This is one of the broadest measures of institutional activity in the SPY
Here's where the 3C hourly stated out with the hour from yesterday to 9:45 this am.
Here's where it stands now, note the scale has not been changed
Not only is there a negative divergence at the top of the SPY's range, but the leading divergence is worse in a matter of a few hours. This hourly timeframe does not move easily or arbitrarily.
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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