I wanted to get this out quick so I just used the SPY, although I'll let you know if there's anything different about the other averages ETFs.
The negative divergence in the 1 min saw a positive around 1 pm and right now is mostly in line...
However the 5 min doesn't look so hot.
The formerly in line 10 min is starting a slight leading negative
So is the 15 min.
The negative action hasn't made it to the 30 min yet, but the leading positive divergence is showing in line action today.
The 60 min is more or less in line, still with a hint of that leading positive divergence.
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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