It appears we are going to get that move, the divergences in the averages are not that strong on this move, there are some, but what I think is really behind it is the flow in the EUR/USD, I looked at it more closely and I think it will be supportive of the market for this last or second to last move we are looking for (the last being a sharp move down).
Next post is almost ready, it shows the EUR/USD and why it's important.
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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