ADM was a short idea from March 22nd
Thus far, it's continued to deteriorate, despite the market's move up, which shows poor relative strength.
The red arrow is the 22nd, ADM has been lateral since, even though the market has been up the last 2 days.
Looking at the 3 minute chart, we've had several negative divergences that have turned ADM down, the current one looks to be one of the worst on the chart. It's already leading negative and threatening a new 3C low.
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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