After ramping up 9.75 points in ES overnight, most of that coming around the EU open on a parabolic move, the continued negative divergence sent ES back down in parabolic fashion to give up all but 2 of those points.
Here you can see the ramp around 3:20 a.m. EDT and the fall that gave back the entire ramp and then some as parabolic moves usually end, that selling started around 5 a.m.
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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