The early positive divergence that lifted futures off their pre-market lows is really not holding up very well as the market gapped down, we've filled some or all of the gap depending on the average, but the 3C chart is surprisingly weak at this point in time or this early in a.m. trade.
ES- not keeping up since the open...
Same with NASDAQ futures
And R2K futures.
Again this is an intraday chart and in the crazy Monday morning a.m. session, but in case things get worse from here, at least we know it didn't just pop out of the blue.
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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