The leading positive divergence on the 1 min timeframe in ES is almost silly...
Note first it went positive as ES was flat, then started leading while ES was still flat, now ES is responding a little to the divergence. To give you an idea of the scale of the divergence...
This is overnight to present in ES with the European market open at 3 a.m. EDT marked with a green arrow, 3C for ES is higher than it has been all night or about as high as the highest reading when ES was about 14-15 points higher
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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