In the last post when I said I'd like to see movement in the range, even a drop below the range because it makes it easier to tell what's going on, this is what I mean.
Since 3C is measuring the raw data of money flow at different time intervals, movement is good. For example, the QQQ above is positive at the low end of the range around 9:30, the recent move to the low end of the range shows 3C even higher, it's this relative comparison that tells me whether there's more money flowing in at the same level or less, here we see more.
The SPY on a 15 min chart, it's hard to make this chart move a lot in a day and to make a positive divergence in a day is very hard. Looking at yesterday's late action at the bottom of the range and comparing it to the recent move to the bottom of the range shows a big difference in 3C, it's moved up quite a bit, especially for this time frame in such a short period of time.
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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