The move in the Dow yesterday and the signals from 3C yesterday and today both seem to be confirming exactly what I thought would happen on such a move, we were less than 100 points from hitting that high which is a drop in the bucket, as I said last week, "If it were me pulling the levers behind the red velvet curtain, I'd take the Dow up there and dump shares/shorts on the retail crowd that was bound to follow on the headline".
In the meantime, the divergences are doing as you might expect and with the kind of consistiency and migration that was completely missing from the market early Monday, it has built steadily from there.
DIA 5 min
DIA 10 min with a deep leading negative divergence, this is a pretty clear signal that what I said above is happening.
It's not only happening, but at a faster pace and greater size as this 30 min chart shows, that's a lot of migration to hit a 30 min chart so quickly with a leading negative divergence.
IWM 3 min
IWM 15 min
QQQ 5 min
QQQ 5 min within the trend
QQQ 15 min-note today is worse than yesterday, why do you think that might be?
SPY 5 min
SPY 15 min.
I'm going to show you the futures and what today's game plan is.
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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