Yesterday I mentioned that the market seemingly had a bearish change of character and that it may try to fill the gap from yesterday and I would consider using any price strength to short in to. I can't say the charts below are much of a surprise.
DIA 1 min leading negative
DIA 5 min almost closed the gap, no confirmation on the chart.
QQQ 1 min leading negative.
QQQ negative 5 min divergence and closed the gap.
SPY 1 min turning negative
2 min is leading negative, didn't quite close the gap.
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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