Surprisingly the positive divergences in the SPY this morning have already reached the 10-min chart on a relative basis, it seems some money came into the market. This may be pre-POMO action, I'm not sure, but as always these early indications have to be taken with a grain of salt.
SPY 1 min positive divergence at the open
SPY 5 min -again positive near the open.
The same goes for the 10-minute.
POMO will be wrapped up at 11 a.m., I'll bring you the results.
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
No comments:
Post a Comment