Post one set of charts and there's a new set there for you. The divergences are strengthening, I'll post the longest timeframe for each. The EUR/USD has also put in a positive, the S&P and NASDAQ futures 3C charts are in line with price.
DIA 2 min leading positive , quite strong here, but hasn't made it to the 3 min yet.
IWM from nothing to a leading positive 2 min.
QQQ 2 min leading positive
SPY 1 min leading positive, much better looking than the last chart.
And a positive 1 min intraday in the EUR/USD.
This is probably a bit too early for most of you and truly for myself as well, but that SPY call position may be more attractive down here. I'm keeping the position open, I probably wouldn't add to it until I saw some 3-5 min charts going positive in a strong way, but this very well could be a nice short term trade opportunity to the upside.
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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