As I expected in the last market update, the negative divergence was a pullback. We still are in positive territory, but the SPY is starting to fade next to the others.
However, the negative bias of yesterday and the days before has made it's way to the 10 min charts (more serious) as you can see below. The Bernanke speech tomorrow should be some event.
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
1 comment:
Brandt,
Can you please show us that 5minute 3C SPY chart you've been posting since last Thursday going through the floor... we'd like to see how that developed given the market rising since then.
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