Yesterday afternoon and last night I showed you the short term negative signals in volatility and positives in the averages, suggesting a short term/early rise in the market, fall in volatility, there are some changes worth noting....
ES just barely going negative, but the first time since overnight.
NQ clearly going negative
R2K futures clearly going negative.
The VXX negative yesterday that suggested today's move down as it trades opposite the market is seeing a strong 1 min leading positive...
Also strong 2 min leading positive
And 3 min.
This may be in preparation for an initial knee-jerk, it may be risk off in front of the 1:55 announcement, but we do have longer negatives too, as always
"Beware the F_O_M_C knee-jerk reaction-it's almost ALWAYS wrong".
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