When the longer term charts like 15 min are already negative , the bias for the short term charts is to turn negative and we were already seeing that at the last post.
Now the DIA 2 min is leading negative sharply lower, the 3 min is negative, the SPY 1, 2 and 3 are all leading sharply lower, SPXU by the way is leading positive in the same timeframe.
QQQ 1 and 2 min are holding on better, but 3 and 5 min are horribly negative. Strangely IWM is pretty much in line with a slight bias to the POSITIVE on the 5 min chart. Strange.
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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