ES remains negative as it has all night
SPY 1 min is in line
There's still strength in SPY for upside
Thus far the market is doing what it did the last 3 days and gapped up on a dollar gap down and is drifting lower on early dollar strength. IF the recent trend hold, once Europe closes, the dollar loses ground and the market moves higher, it will be interesting to see if it moves higher and in to a negative divergence just as ES did over night.
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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