Earlier this afternoon I posted the intraday negative divergences , after that point, there was ZERO reason to be long or enter longs.
Now, after a nice rounding intraday top, we have the continuation of the earlier signal.
While I'm not trying to turn this in to an options day trading site, it's very clear and was very clear as of the afternoon highs, that one could easily put on some leveraged day trades and make at least a few bucks to take one's significant other out to dinner in an otherwise dull session.
I'm going to take a look around at some other assets to see what else can be learned, of course any buying on a pullback first needs the pullback and second needs confirmation that the pullback is being accumulated so as of right now, unless there are some very specific trades, I would say this is another day in which patience may not make you much money, but it's likely to save you money.
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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