So far the positive DIA 5 min divergence is still holding by a thread. The SPY has gone into trading in-line. All have 1 min negative divergences and we've seen some of the downdraft from that in the last 15 minutes of so.
The TICK volume is trading in a straight band with a range between +750 and -1000. A breakout either way from that band should dictate the markets direction into the close. As I said before, TICK volume is a very helpful tool when drawing trendlines of the channel it's in and watching for a break of that trend.
Is interest rates about to start going up?
-
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:
12 million shares traded of GOOG at $600 = $7.2 billion in one day. Insanity!
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