The Q's are in leading negative divergences on all 3 3c versions and on all 1 and 5 minute timeframes.
The SPY is the same as above with the exception that a few divergences are relative and not leading.
The DIA is negative in 4 of 6 of the above, the other two are simply in line.
The red volume has been moderately high.
Judging by former moves,I would call this one fairly muted. There seems to be some hesitancy to take prices higher, especially where you would look for upside confirmation after yesterday's breakout. Considering the amount of volume since 2:15, volume is rather low.
If we close where we are right now, we'll have the first 2/3 of a reversal candlestick formation, especially strong or stronger in the NASDAQ and the S&P.
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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