Here's a 1 min hart of the Euro bouncing at some support, the market is roughly been following the Euro.
Here's a 10 min hart, wider view. The red is yesterday's late afternoon rally, the Green is the Italian downgrade, the blue s the Greeks paying a debt on time and the orange is about the time the IMF came out with a bunch of surprise downgrades this morning.
The DIA is one of the first averages to give a consistent 1/5 min negative divergence signal thus far.
The TICK Index has moved out of this morning's downtrend on the bounce in the Euro around some support.
3C seems to indicate this move up in the TICK Index won't last too long.
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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