Remember I posted JPM because in one sense I thought it was indicative of what was coming in Financials. Earlier there were few good intraday signals, now as more op-ex positions are wrapped up we start seeing more movement.
This is quick, I could post a lot of charts.
Now Financials are moving, not just XLF, not just a 2 min intraday chart, FAS is moving down even worse, FAZ up.
This is a serious timeframe at 30 min, the negative divergence and leading negative look familiar?
That would be right at the break of the Trend Channel.
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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