As 3C was showing from the NQ NDX futures and TF R2K futures on the 1 min chart, the pre-market positive divergence sent both higher, ES which lacked on didn't move much higher.
The USD/JPY which also had a positive divergence (see this morning's pre-market post) has also reversed to move higher.
JPM as expected gapped down and as I showed the Gold/$US Dollar correlation back over the last week last night, both Silver and Gold are over 2% lower, good thing we waited, although it was never a question, but hopefully now at this discount they'll start to put together a real base.
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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