I haven't had a chance to look at the rest of the averages, but the DOW/DIA is hitting multiple support levels and the action is getting interesting.
DIA multiple support levels right here...
This is a 1 min positive divergence, presumably because of the support levels, but before I could capture all the charts, it has turned down.
The DIA 15 min chart in a negative leading divergence, for new members it may not seem that important, but this is a very important timeframe and it is seeing the worst type of divergence there is
SPY 10 min leading negative
QQQ 5 min leading negative hitting new lows for the past 7 trading days, even when price was much lower.
IWM hitting new leading lows on a 5 min for at least 7 days
IWM 10 min moving toward new lows , with most of the damage today.
IWM 15 min leading negative starting today...
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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