FX also suggests more upside in stocks...
FXE-Euro ETF is in confirmation, this supports equities.
The 5 min hart is leading, also positive for equities, but notice a slight negative divergence inside the box.
The 10 min chart is leading positive
As is the 15 min chart.
UUP/$USD has a 1 min positive divergence, suggesting we may see a bull head fake tomorrow.
UUP-the $USD 10 min is leading negative-positive for stocks.
So is the 15 min chart...
Treasuries.
There's a 5 min positive divergence in TLT, suggesting there may be a long head fake tomorrow.
The 10 min is in line
The hourly is ugly, since this is a safe haven trade, this is positive for equities.
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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