While I was putting together the last few posts here's what has changed in the market, although it's intraday.
DIA intraday, still in a leading negative position (3C at prices would be confirmation) hasn't seen so much a positive divergence as confirmation intraday as 3C moves with prices.
The only positive divergence intraday is on the ES 1 min chart, but even this still remain within a larger leading negative position as 3C would have to be well above the highs of premarket to even start to confirm.
IWM intraday, this may be considered a small positive divergence, but most of the action is just 3C moving with price still in a leading negative position.
The same is true of the SPY.
I think part of the catalyst is FX based, I'll be looking in to that now and posting it.
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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