The DIA which has been the most responsive today, 1 min negative divergence on the break out rally which means the expected head fake I was looking for before it even began, looks a lot more like a real head fake given the chart above.
DIA 2 min negative divergence on the breakout of the consolidation zone, this is how predictable retail traders are and this is how predictable it makes Wall Street's reactions.
IWM 1 min negative on the breakout.
IWM 2 min negative at the top...
QQQ going negative on the breakout today.
SPY going negative on the breakout.
USO didn't do much, but what upside it managed, went negative.
USO 5 min, it is unreal that USO has been acting so bearishly in the Geo-politial environment and if it weren't for 3C, I'd be out of the short trade, but still scratching my head.
XLF, a late breakout goes negative.
So we have USO, financials and now XLK-tech, the three pillars, XLK VERY negative divergence on the breakout.
On the 2 min, a leading negative divergence.
And negative divergence on the 5 min.
More charts coming, but it looks like we are getting what was expected.
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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