Yesterday STI was a trade posted for entry, it looked bad, it continues to look bad and just took out some support at $28.50. Anyone trading any of these who needs swing or trending stop updates, just email me.
3C's negative divergence isn't slowing down at all on the 15 minute chart, an excellent time frame to catch swings.
This 1 min chart depicts the action this morning, note the increased volume on the break of support. Since the entry yesterday, STI has given up another 2% today.
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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