This is looking more and more like a plan....
The SPY...
SPY 2 min intraday positive divergence... This suggests strongly that intraday we will see an upside move, but this is not a long enough timeframe to show what big money is doing.
SPY 5 min is a longer timeframe that starts to show what smart money is doing, it seems they may not have had a real idea of what Draghi would do, so they can use the volatility intraday to adjust their positions based on the Draghi news which is clearly a market negative. Look how the 5 min chart has added to the leading negative divergence today, no matter what the 2 min chart looks like, this 5 min chart is much more important.
And the 15 min chart is even more important, look at the leading negative added today alone.
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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