The QQQ and IWM are looking the worst as the early a.m. trade burns off.
The DIA looks to be the second strongest among weakness, but even this 1 min positive divergence is already turning down, I thought maybe a gap fill, but being this 1 min is falling apart and there's nothing behind it, maybe not.
2 min has no divergence, no strength.
IWM 1 min is very weak, just a slight positive that could fail any minute.
2 min looks bad too.
QQQ 1 min with a slight relative positive, not strong
Nothing at 2 mins at all.
SPY looks the best, but this is even starting to lose traction since the capture
The bigger theme is weakness.
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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