So far this is just an intraday signal and we still have plenty of time for more than 1 intraday trend to play out.
All of the Index futures 1 min charts are leading positive pretty strongly.
All of the averages have either a 1 or 2 min 3C move that is either leading, but most are not, however they are improving at a very fast rate.
Here's an example of a leading move in ES, SPX E-mini futures.
ES 1 min
As an intraday chart it doesn't make a huge difference to the market update, which I'm still working on as there are some ambiguous or just not very powerful signals, for me at this time it is not a question of whether the uptrend will continue and be as strong as expected, for me it's more of a question of timing and more specifically the timing until the move to the upside resumes in earnest, not a pullback or even consolidation (choppy noise within a trend).
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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