This probably doesn't have anything to do with tomorrow, but it looks like both NASDAQ and S&P Futures are seeing distribution short term tonight in to highs, their slightly longer 5 min charts are still in line which means the move tomorrow on the upside can still continue, there's no negative divergence on the more important 5 min scale that would be problematic.
ES 1 min negative divergence
ES 5 min positive and in line.
NQ/NASDAQ 1 min negative divergence
5 min positive and still in line
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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