I have to get to a 3:45 Dr. Appointment, looking at the 3C charts and other charts in general, the market is moving against all correlations again. It seemed like we saw noon selling from traders planning on leaving early for a long weekend and not it seems more algo driven trade, but I need to take a closer look. The positive divergences on the 5 min chart are ruined for the most part, at least for the SPY, IWM and QQQ, the DIA maintains some semblance of a divergence, however tomorrows NFP print will be the main attraction which won't be acted on until Monday.
I'll update the market and what has gone on in the lat hour of the day later, I suspect though with fewer players/less liquidity, volatility should be expected to be higher.
See ya soon
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
No comments:
Post a Comment