Tech Sector with the decline staring around 1 p.m.
XLK -Technology ETF is in a negative 1 min divergence.
Note the XLK 5 min divergence around 1 p.m.
The 15 min chart also s looking tired.
Note the divergence in AAPL around 1 p.m., it may make 1 more push to new intraday highs before receding.
QQQ 1 min went negative near 1 p.m.
QQQ 5 min also near 1 p.m.
The 15 min chart isn't in good shape.
Sector rotation is still favoring the Dow-30/DIA and actually getting stronger; led by Energy, Industrials and Basic Materials.
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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