Finally there's some improvement on the SPY 1, 2 and even 3 min. charts with the 1 and 2 min starting to lead price to the upside.
DIA 1 and 2 min continue to improve, making new leading positive highs, the 3 min chart has stayed in an overall relative positive divergence but is not in the leading position seen in the 1 and 2 min charts.
The QQQ 1 min is hitting a new leading high, the 2 min looks ok, not leading though, the 3 min is leading in a stair-stepping pattern, making higher highs
The IWM 1 min is in an overall positive divergence, although it has lost some of the early leading momentum, the 2 min is making up for that though with a leading positive that is making new highs that have actually surpassed the highs from anything from today or yesterday.
There's some interesting activity in GDX (Gold miners ) that a member running 3C pointed out, I'll look in to that closer as well as GLD
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
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