Here's an example of what was seen earlier, I didn't put the SPY Arbitrage together until looking at Leading Indicators, I was more focussed on the USd/JPY as a possible engine.
SPY 1 min intraday positive forming, as mentioned over an hour ago.
However nothing longer to support that divergence as seen on the 2 min and considering the size of the move last night, a 5 min chart "could " have easily confirmed it if it were not being sold in to, that's not the case.
Today is nothing but worse for the SPY 5 min.
I'm not adding more timeframes because I already updated the entire SPY timeframes earlier today
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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