I wouldn't call this the "knee jerk reaction" yet, we'll see in to the close. The bigger call is the move down. Here's ES and CONTEXT followed by the 1/2 min market charts.
There's a small positive divergence in ES, not the same size as the negative.
CONTEXT is very close to neutral
DIA 1 min
IWM 1 min
QQQ 1 min
SPY 1 min
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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