It looks like an intraday leg up is set up.
Since the last update that showed this red negative divergence, the market has dropped, but now we have a 1 min positive divergence suggesting at least a consolidation if not an intraday leg higher.
The same is seen in the QQQ
As well as the SPY.
The R2k is giving no such signal as of now.
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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