These readings are pretty weak, even considering where the market is and that this is an intraday move.
DIA 1 min from a positive earlier to a negative as price makes afternoon highs, it's actually starting to enter a worse leading negative divergence.
That weakness from the 1 min chart has migrated to the 2 min chart which is now negative as well.
ES honestly looked like it had a divergence strong enough to lift it higher than this, but it has been going negative as you can see.
QQQ 1 min, where the action is, this is now negative as the Q's fill hit unchanged.
The 2 min never made a higher high, it has been negative through the entire move off the lows.
QQQ 5 min
SPY 1 min going negative here, this could lead to a consolidation, but I'm not sure with other averages and timeframes going negative.
SPY 2 min leading negative
SPY 5 min leading negative.
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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