From the looks of ES and the overall look of the market, this looks like a last ditch shakeout attempt, the range developed and I think we are pretty much near the end of it.
ES remains positive and actually leading positive on this morning's early volatility (same thing we see every morning one way or the other).
Longer term...
DIA 15 min with a nice positive divergence in exactly the kind of range I was trying to describe early this week, as I mentioned, it's hard to imagine it in advance, but easy to see it once its there.
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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