ES as well as CONTEXT are both looking like a reversal is in the cards intraday. Most of the intraday 3C charts for the major averages are also failing to lend support/confirmation to this move.
ES is seeing the first serious looking negative intraday 1 min divergence.
While CONTEXT below shows virtually this entire move up not supported at all by the model.
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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