At the best, just confirmation, at the worst, leading negative divergences.
The move up in the last few minutes did not occur on any positive divergence, just a slight blip up in EUR/USD. Yesterday's warning: the leading negative divergence in the red box, that's a perfect example of a divergence, price going one way, 3C going the other.
2 min SPY, negative yesterday and now a leading negative divergence (green arrows just show confirmation of the trend, nothing positive).
Surprisingly, even this early the 5 min chart is leading negative, which also shows yesterday's negative divergence.
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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