While the market has good reason to be rather quiet today, usually I equate a dull market with a child that's too quiet in the other room, you just know they're up to something!
In any case, the short timeframes aren't really showing anything all that interesting, it's the longer timeframes where it counts the most.
DIA 1 min is more bullish than the market would otherwise indicate.
This is where it is more interesting, the 5 min chart seeing some significant repairs from Friday
The same with the IWM 1 min short term, not too interesting
The 10 min though is in very strong position.
The QQQ 1 min looks pretty good.
The 5 min look a whole lot better.
SPY 2 min is almost perfectly in line.
The 15 min is leading positive from today only.
It's interesting that these longer chart are seeing the most improvement in an important area/timeframe.
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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