I wanted to give some of the longer term charts some time to catch up... I don't see any reason for the market to be up right now, so I'm assuming from the looks of the charts, we are seeing a bull trap play out.
DIA 1 min, all of the charts have the 1 min opening positive divergence
DIA 5 min is not making new highs with price
Nor is the 10 min
The 15 min is starting to lead in a negative divergence
IWM 1 min looks pretty bad here
The 5 min is in a leading negative divergence
So is the 10 min.
And the 15 min is turning negative, a pretty long time frame for a reversal, this seems to be more then just a corrective reversal coming.
QQQ 1 min is falling apart
The 5 min looks horrible in a leading negative divergence
The 10 min is also negative
SPY 1 min is starting to fall apart
5 min relative negatve divergence as 3C refuses to move higher with price
And the 10 min is quite negative, almost leading negative.
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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