As of the last market update in which negative divergences in 3C were visible on the SPY/DIA/ES, the market has retraced about 50% of today's gains. The divergences are still there and look worse, I'm going to check credit/risk indicators next.
The dia had a negative divergence at the last post, it is now leading negative.
ES divergence.
SPY also leading negative.
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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