Futures and FX (EUR/USD) look like they went stop hunting overnight, as of last night's post ES didn't qualify for such, but this a.m. it has, things are changing though or perhaps staying the same...
ES futures with the Euro open at the green arrow have stayed in a large negative divergence all night and are moving in to a leading negative near the open.
NASDAQ futures did see a 1 min accumulation period overnight right in to the European open, that has turned negative since.
Here's the EUR/USD which also looks like it went stop hunting, but is now coming back down in what initially looks like a failed move.
A closer look at the FX pair...
And the 3C chart for the pair, showing a positive divergence around 5:00 a.m. and a negative divergence after the move above stops was complete.
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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