As we saw in ES, pre-market...
The negative 1 min 3C divergence that came with the US retail sales and Initial Claims data (both beats, but good news is bad news right now) has taken its pound of flesh as expected, but we still have a long day ahead of us and we still have a very strong 5 min chart.
ES 5 min.
Also as expected the $USD pulled back a bit since the post and pulled USD/JPY back a bit as expected, that moves with the market, but we have the AUD/JPY joining the Dark Forces trying to move this pig and put some lipstick on it for one more dance.
I'll get to some opening indications as soon as the charts catch up.
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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