FAS Financial Bull confirmation 1 min
FAS confirmation 5 min
FAZ-Financial Bear, coming very close to a false breakout which would send t much lower.
FAZ 1 mn confrmation
FAZ 5 mn confirmation
XLF-Finanials, I captured these last, so the 1 min negative divergence makes sense to me.
XLF strong 15 min.
As I mentioned earlier, expect volatility and head fakes around important levels of support/resistance.
The DIA/QQQ are showing 1 min negative divergences, and they have broken out through the inverse H&S, the pattern is too obvious, but technical traders are taught if a pattern false, you take the other side of the trade, so a break back below the breakout point may very well be the head fake I've been expecting today. However, the long term harts remain very strong, so a head fake is what expect, it's probably what we'll see, volatility should be high, but the path of least resistance after the games is indicated as up.
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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