DIA 3C in yellow is already showing the start of a negative divergence, in red is the Euro
The Q's are showing the same
Here's that level showed you where the Euro broke down last week and is now resistance
And if you looked at the chart above closely, you might have seen this bullish ascending triangle, a perfect head fake target. We have the first component of a head fake, the breakout, now to see whether the Euro falls below the apex, which will put downward pressure on the market.
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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