This is one post I couldn't get out fast enough. If the overnight action in the E-Minis (ES) has had 1 clear attribute, it is that it has maintained well above its VWAP (Volume Weighted Average Price), an indicator still used by Wall Street. I had just looked at the 3C negative divergence in ES and decided to look at ES's VWAP which was just on the verge of breaking, as I put together the screen captures, it broke.
Here's the earlier negative divergence (relative) that I showed you near the open.
Here's a second at the highs during market hours, you can also see ES dropping quickly on this chart.
This is what ES/VWAP looked like when I decided to post this, it was to be a warning that if VWAP is broken, there may be a significant changes in character. VWAP broke and broke hard.
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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