One of the last posts I showed you what appeared to be 3C accumulation on a 5 min chart via a leading positive divergence. Compare these charts and watch 1 p.m. on all 3
1 min EUR/USD chart
5 min. 3C chart of the SPY
5 min SPY chart
It seems to me like POMO thus far, has had no positive effect on the market today. The afternoon rise in stocks seems to be purely correlated with a regular bounce in the EUR/USD chart. This would be a significant change in character for a POMO day.
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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