That last move up wasn't just a bounce off support, in recent days the positive divergences have been stronger and have been acruing, but this move was something diffrent altogether.
DIA positive at the low
Look at the ES volume on the bounce up-it's as if someone did NOT wanting the market to go there.
The $TICK hit new extremes on the recovery, +1650, but not just one or two, almost the entire period is +1250
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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