I think it's been clearly shown, likely due to carry pairs, that the Yen as suspected over a month a ago, would have an increasingly important role in moving the markets.
Right now after a huge plunge (market supportive), it's putting in the start of a positive divergence while the SPX's more important charts look like this...
3 min saw distribution in to that SPX run
So did the 5 min
And the 15.
With the Yen starting a positive divergence, well you saw what happened when the Yen broke lower, the SPX broke higher at the EXACT same moment.
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
No comments:
Post a Comment