These are just a few examples from the last post, I still want to see how the shorter timeframes fit together with intermediate ones.
I just used the SPY, but it's pretty representative of the other averages in these timeframes and I used volatility as a confirming indicator.
SPY 1 and 2 min intraday positive divergences above and below.
VXX and UVXY 1 and 2 min intraday negative divergences above and below respectively.
The TICK Index shows this move was a pretty strong one as far as market breadth is concerned and this is the fragility of the market I've been talking about...
That's an almost -1500 extreme NYSE TICK reading, we have barely broken above +500 today, this is more or less because of the negative divergences in the mid-term charts, the market has very little underlying support here (the last several weeks).
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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