Back to inline status, the positive divergences that was noted earlier ended around 11:30-as I said it was not as big as the previous negative divergence. So right now prices are drifting lower with no real divergences formed right now, just a confirmation of the current trend.
The Euro continues to fall and the chart of the Euro is nearly identical to the market in general. As mentioned, initial reactions are usually knee-jerk reactions.
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
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