SPY intraday , check RSI's divergence. SPY also broke first intraday support.
As usual, the 50 bar 5 min is where the stops are piled as volume surges as it breaks.
The TICK is starting to see the negative downside readings, it's down to about -850
The SPY 1 min chart is worse, it is below Friday's close, leading negative
The two min chart is the same
Earlier the 5 min was stronger, it's now leading and close to Friday's close.
AAPL is still up and I'm still itching to take at least a partial Put position there, haven't pulled the trigger yet though.
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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