I don't trust it, not sure where it came from, but it is near the 3 p.m. rumor time. It kind of reminds me of yesterday's false breakout in AAPL.
The 1 min chart didn't show any positive divergences so it seems to be a rumor or some kind of head fake.
The 2 min chart would suggest that whatever it is, it's being shorted.
As well as the 5 min chart.
It wasn't financials as you can see
It wasn't the market chasing the Euro
And while tech followed as well as energy, AAPL surely didn't which is a bit strange considering the weight there.
And ES isn't supportive in 3C either.
I'm going to pull up the risk assets, but I don't trust it.
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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