The TF (Futures) 1 min positive that started some of this suspicion earlier is now seeing ES 1 min going to a positive for what looks to be a bounce, which wouldn't be that unusual after a "V" decline like we saw this afternoon. NQ is still in line with price intraday and ALL 3 are CLEARLY negative (leading) on 5 min charts.
Unless this was the start of a new divergence, which so far looks unlikely because there are so many assets that don't reflect anything, I'd say it's probably at best some overnight volatility and I don't view 1 min futures charts as significant overnight, they can flip 4 times overnight, but the 5 min and longer charts are, those are as I said, clearly negative.
The averages themselves are in different positions, mostly in line or leading negative, none seem to have that same intraday signal as ES and TF, the SPY did have it, but that was reconciled.
That's about it for now, if you picked up VXX calls yesterday you certainly had the chance today to cash in at +30% 1-day gains.
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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