I wish the set up was more obvious, it may simply be the long term charts are the set up, it may be the set up comes after the F_O_M_C, but I can't ignore these Index futures, even if I can't put them in to actionable context.
ES/SPX Futures 15 min chart leading negative divergence, quite strong.
This at least tells me if there is a knee jerk higher, Wall St. didn't buy in to it, but rather plans to sell in to it, otherwise we'd have accumulation or a flat or in line reading.
TF/Russell 2000 Futures, the same thing.
This is a strong negative divergence for this timeframe and this quickly.
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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