Regarding those 1 min positive divergences, I looked at all of the averages and they either look similar to the SPY or worse so I'll just update the SPY.
The 1 min divergence is now a real divergence, it however still is on the 1 min scale which could lift the market in to the close, but it wouldn't be a strong underlying tone, or it could be just enough to keep the SPY in a consolidation area.
The 2 min chart is in line, no positive divergence and the 5 min chart below, even more so, so this is not a strong underlying move, but may produce an intraday move or consolidation.
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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