There are encouraging signs for intraday trade and thus for our reversal picture, I'm just looking at leading indicators which I will bring you and see encouraging signs right now, beyond other positive divergences, the NASDAQ Futures have a large leading positive divergence and these have been even more effective than the SPX/ES futures as far as signals.
NQ from an early pre-market negative divergence to a current leading positive divergence, this is stronger considering the negative divergence was pre-market on weak volume.
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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