The short term 3C charts are breaking down pretty badly as the DIA and SPY remain slightly green, the QQQ are in the red and the IWM is sitting just about at unchanged on the day.
DIA 1 min is leading negative
The 5 min is surprisingly weak as well.
IWM 1 min leading negative
QQQ 1 min leading negative.
SPY 1 min leading negative.
Since we can look at 3C on ES overnight it appears that the Merkel announcement was known here as well in the FXE/Euro.
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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