The market definitely looks short term choppy/toppy.
15 min neg. divergence (SPY)
Here's a 5 min negative divergence in what appears to be a small broadening top. The measuring/target implications from the pattern as of now would be $114.80.
$114.80 also happens to be about the same as the S3 Pivot at $114.89!
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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