Earlier I didn't have access to the NASDAQ Futures 15 min chart, the one I've been watching for deterioration and an eventual negative divergence, we have it.
Yesterday I mentioned we had our first lower highs/lower lows in the red box, now we have a real negative divergence, this is exactly what I was hoping for, now to let it continue and perhaps start leading negative, again, things are moving according to plan.
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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