As much as I'd like to focus on what's going on with MCP, I have to watch a lot of other things.
Intraday there's a negative divergence in the averages on a 1 min chart, thus far intraday.
Here are the Q's
1 min negative intraday divergence could lead to a consolidation or intraday pullback, it's not a large signal, it's intraday and it's still early in the day for the market.
The 2 min chart on an intraday basis also looks like some sort of consolidation, but don't forget where the 2 min chart is in the trend...
Leading positive, at this point I'd just be expecting an intraday pullback as it hasn't done so yet.
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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