My next post will cover the market in more detail, for now remember my last impression of the market for Monday, a thin shiny veneer with rot below that or a "Ginger Bread House"
ES futures open this week's trade with a gap down, running the sops and moves higher in to a deep 3C leading negative divergence
By contrast, gold futures opened lower and have a leading positive 3C divergence.
NASDAQ futures also did the same as ES, also have a leading negative 3C divergence.
The EUR/USD which obviously opened higher also has the expected negative divergence.
I think it will be a long, interesting night.
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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