I'll get the other averages out in the next update, but a lot of the concepts are the same.
By the way, the R2K Futures (TF) also now have an intraday 1 min negative, not as bad as NQ, but it's there and that was one of the stronger positives.
QQQ 1 min leading negative, because yesterday was algo dominated, there wasn't accumulation, it was buying, selling, buying lower, selling higher, it wasn't true positioning.
Here's the same QQQ 1 min chart on an intraday basis, you can see why it has made the moves it has, but you can't ignore that oin context it is leading negative (above this chart)
2 min also leading negative
3 min also leading negative
5 min leading negative
And 10 min where no accumulation-positive divergence was added at all on the institutional timeframes of 5 and 10 min, this is a large negative divergence considering price movement.
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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