A quick look, this is a very fast moving market, the knee jerk effect was in full force, it still may be.
ES leading negative 1 min
The ES 5 min chart may have enough support left in it that we see more of this volatile up and down.
There are a lot of confirming charts to check.
NASDAQ Futures leading negative, there was no positive divergence at the lows that bounced back up, this is pure knee jerk effect of the F_E_D as always
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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