I suspected the early timeframes were seeing a lot of retail selling on strength, there's signs of support building back in and the 15 min charts are getting very positive, reflecting action beyond retail.
IWM 5 min seeing a leading positive divergence on an already strong day
IWM 15 min leading positive intraday
IWM 1 min has managed to stay in line.
QQQ 1 min picking some momentum back up
The Q's looked the worst on the short time frames, this 15 min intraday positive is encouraging for a bounce.
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
No comments:
Post a Comment