These are not the only charts by a long shot, they are just two that I think are extremely relevant.
IWM 1 min is a fast responding time frame, the Russell 2000 or IWM is typically the leader of a risk on move.
IWM 3 min hasn't done anything here and volume is not impressive and dropping.
The NYSE TICK chart is breaking below the uptrend channel since the F_O_M_C announcement and is sitting around $100. A serious break of the channel will likely lead to trend reversals in a lot of averages and stocks. Out of all the NYSE stocks at this point, there are only 100 more advancing than declining.
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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