This is what ES futures look like in to the open after a slow, steady climb from this week's open last night, ES Futures are almost exactly where they ended Friday at 4 pm.
The green arrow is the European open, the red arrow is an intraday 1 min negative divergence, I might expect some early downside , but it doesn't look too fierce, more along the lines of the volatility in sideways chop I mentioned last night.
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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