Here are the short term charts that I believe support my theory of a short term gap up probably tomorrow, followed by negative downside action to pull u down in to a pull back. Remember the longer the timeframe, the more important the signal.
DIA 2 min small positive divergence today, this would represent very short term price upside like a gap up tomorrow.
The DIA 15 min chart represents the more serious trend, it is leading negative with a lot of damage done today.
QQQ 2 min intraday positive
QQQ 5 min leading negative
QQQ 15 min leading negative.
SPY 1 min leading positive short term...
SPY 5 min leading negative longer term with a lot of damage done today.
This is why I'm patient today, just look at price.
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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