I think similar to financials that had not yet broken above support, the IWM was seeing similar support or at least was not seeing as sharp a negative divergences. Now the IWM has crossed that threshold, look how fast the 5 min chart went leading negative and took out the last 2.5 days in 2 hours.
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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