This ES chart seems to validate my theory.
This ES chart shows the market being ramped on early positive rumors before the open. Then there was a negative divergence on the open just as we saw during the day in the regular charts. Around 1 p.m. accumulation was finished at the white arrow. Since that point a negative divergence through the entire rally or distribution. In after hours you can see it's leading to new lows.
This is after hours and right now it's even lower then this chart as price starts to fall.
Today looks like the day they turned the machines off, otherwise the Dow would have been down by over 300 points in early trading and they may have found it impossible to get back to break even.
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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