I can't squeeze this many charts in this fast so I will present that later tonight.
Financials / XLF don't look good, they have a longer term leading negative divergence that saw a lot of damage done today and a 5 min leading negative divergence intraday.
FAS-3x bull Financials is similar, leading negative on 5 and 15 min.
FAZ 3x bear Financials - 15 min and 5 min leading positive divergences. There's good confirmation in financials, bearish.
Tech...
AAPL has sen some negative divergences in intraday timeframes, it's not that bad though that I would go short, whether to take profits or not on the long is an individual decision, I personally would have as I like to make options trades quick.
XLK/Tech
I would say XLK / TECH is similar to AAPL, on certain charts it even looks bullish, but I would think it has to come down before it can move up.
I'll get more out ASAP
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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