This both shows the weird confusion in underlying trade I've mentioned this week, as well as the hesitation before the minutes and seems to be showing some risk off sentiment developing.
S&P Futures - ES
1 min is sticking very close to price, no big divergences.
ES 5 min seems to be in risk off mode as 3C falls.
ES 15 min hasn't had much of a trend recently here, today it is looking much more like risk off.
NASDAQ Futures
1 min sticking very close to trade.
As is the 5 min
Look at the chop in the 15 min in recent days, today the move is a bit more clear and it looks like risk off.
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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