A market update is coming next
The ES negative divergence was expected, selling in to strength, it is really getting deep now on the leading negative side.
I'll try to look at our own Risk models if time allows, but as you can see the CONTEXT model which was supportive of higher ES prices is now reaching the median and is close to reversing with the model heading lower than ES so this looks like we are getting near the end of the bounce. The hardest part is the market is like a mortally wounded animal right now and that is when they are most dangerous and unpredictable.
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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