Energy 1 min , as it leaks lower at the end of day, it appears it's being accumulated here.
The 5 min chart now has a decent size divergence in place.
Tech which looked the weakest yesterday saw an earlier negative on the 1 min and many tech names are looking bad today, again toward the EOD, it looks like there's accumulation too.
The 5 min chart is now looking pretty decent, not as strong as financials though.
Financials have seen the same sort of divergence today as most of the averages and the SPY in particular
The 5 min chart looks pretty strong.
It has now leaked to the 10 min chart.
If I had to guess, I'd say there will be a strong gap up tomorrow that will take recent shorts out.
A strong finish today would be more toward betting longs interested, but it looks like that may not be the plan.
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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