ES looks interesting tonight,
First, ES never went negative at the JPM debacle (yellow box), second it has found a floor as like last night before ES ran up, there's a 3C positive divergence, leading positive that hit new highs for the day.
Additionally, CONTEXT's model is building, basically ES is undervalued compared to the model.
I don't think the excitement is over just quite yet.
5 hours before Europe opens.
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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