The first update this morning showed ES largely trading in line with 3C (price confirmation), however there was a negative divergence forming, the chart looked like this...
First ES Update this a.m. pre-market with a leading negative divergence developing
That leading negative turned in to a larger divergence at the 8:30-ish move just before the ES dump, there's a relative positive divergence at the open, it's not huge, but it's a start.
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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