Although I think there's enough of an intraday positive divergence in most of the averages and ES to make an attempt at a gap fill, there is some late day deterioration. This could be selling on margin calls or the other possibility is the divergence is starting to come undone already. A change in the 3C underlying action will always be on the short term charts first and if it gets worse, bleed to the longer term charts. So far, this is a cautionary warning.
DIA
ES has continued to deteriorate since the last ES update
QQQ like BIDU is starting to deteriorate
And the SPY is as well
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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