AAPL which never confirmed the downside move, continues to hold up on the short term chart, it's now moving intraday to a leading positive divergence. I don't think the AAPL chapter is quite finished yet.
DIA 2 min is now leading positive above Friday's highs as it remains in a flat range like area, which is a typical accumulation area, remember though these are short term chart for short term trends, the longer term trend as you know is in shambles.
The IWM 3 min is continuing to move higher even though this has been one of the worst as far as underlying trade goes, I don't see the IWM as setting any break out precedents that will encourage the bulls like the SPX could do.
QQQ 5 min is improving and leading positive here.
The triangle has grown much larger, I warned about an intraday head fake move below the triangle, it looks close to making that move, so pay attention we could see a fast move shortly.
The SPY 2 min is also looking much better in the area here.
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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