I updated the VRML trade last week, this was the last update on Friday and as usual, a head fake fit right into the move.
Positive hourly divergence
The 1 min chart shows no negative divergence and is in line with price, VRML seems to be following the broader market. At this point, I would consider raising my stop a bit, but I would let this trade develop a bit more. Early morning trade can be misleading.
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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