The Euro has some positive divergences forming, 1 min and 5 min. The dollar is not showing the 1 min yet, although it's in position in which t could move quickly to a negative. The 5 min has looked bad the last few days. In fact there are negative divergences up to the 30 min chart, which is one of the reasons I provided 3 different stops on silver. Remember, the Euro goes up, the dollar goes down and silver/gold/oil and equities generally speaking go up.
As far as the positive divergence in the DOW last post, the SPY and QQQ are also starting to post leading positives.
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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