These charts probably should have been included in the AAPL post.
This is the 15 min XLK chart, followed by the 30 and 60 min. Not only are they all in a deep leading negative divergence, there's good confirmation as to when the divergences really started, pretty much at the end of December/ early January.
XLK 30 min
XLK 60 min
Interestingly, because MoneyStream rarely gives strong intraday signals. Also note the timing.
XLK MS 15 min
XLK MS 30 min
XLK MS 60 min
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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