I'll try to get some charts up because they are worth more than what I can say. Pretty much all of the averages are showing intraday positives, 1 min usually, but 3-5 min are deteriorating badly, it's almost as if they are trying to sell at VWAP and maintain price in a range.
I'm going to check Leading Indicators real quick and then put those charts up.
The 5 min Index futures have not improved and the intraday are close to in line, so that's the feeling I get, maybe they try for an EOD ramp, but for now, I see very short term and weak positives and larger, longer term negatives.
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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