Last night I wasn't going to post the last post looking at futures, but I'm sure glad I did, in the next post you'll see why.
As far as pre-market futures, overnight the market followed the divergences I posted late last night, there are some positives intraday, but wait for the more comprehensive post coming up. We look like we'll gap down in certain averages, the NDX and R2K being two of them, which just so happened to be the weakest yesterday needing an AAPL rumor to get the QQQ up with the R2K closing in the red.
Here are pre-market futures.
ES slid overnight, but has a 1 min intraday positive near the open sending it a bit higher.
NASDAQ fell overnight as well, started going intraday positive around the European open, but is still weak.
R2K futures slid overnight and have the smallest intraday 1 min divergence-WAIT FOR THE NEXT POST for context.
Gold futures snapped higher, but have an intraday negative divergence-Again, WAIT FOR THE NEXT POST which will be more comprehensive.
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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