I closed the remainder of my shorts put on last week today for a nice profit and added longs today that are already at a nice profit. Am I holding my longs for now? YES.
Here are some interesting 3C charts.
DIA 5 min in a leading positive divergence
Considering the DIA was the laggard of the bunch, it is surprising to see this 15 min-1 day leading positive divergence. I guess Wall Street quickly made up for lost time today.
QQQ 5 min leading positive.
SPY 1 min leading
SPY 5 min leading
A slight 10 min positive divergence
And even a small 15 min!
It looks like what we saw starting last Friday and in last night's charts, was right on target. Now, we'll watch to see where this is going.
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
No comments:
Post a Comment