I'm looking for the positive divegrence that would need to develop for the SPY's dip below the triangle to be considered a Crazy Ivan and I don't see anything yet.
As explained earlier, this shakeout below the triangle, "if" followed by one above the triangle would be a Crazy Ivan shakeout, both sides of the triangle and them it fails on the downside.
So far I don't see any signs of the small accumulation intraday that would be needed to push the SPY back above the triangle.
This is NOT a strong looking market at all, in fact quite the opposite.
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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