This trade is a bit counterintuitive to me, but there are many industrial dynamics I don't fully grasp. In any case, the chart looks horrible.
MON's daily chart is getting ugly.
Here's the hourly
the 30 min.
The 5 min.
and the 1 min
All are in negative divergences or worse leading negative divergences. I thin a position could br tried in the area with a stop above $75.88
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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