After this afternoon's positive divergence in ES mentioned in this post at 12:42 p.m. ,
" I suspect this is probably a good timing signal for a move higher "
The move up started right after that post in ES as well as the broad market. ES started to go negative, suggesting some distribution/profit taking. However in After hour that divergence has really deepened and I suspect we will see some downside in ES shortly.
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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