The more negative price action, especially in the Q's and R2K is being confirmed by worsening intraday and longer negative divergences. You saw the averages earlier and all looked bad (the SPY looked the best of all, but still not good). The Q's looked particularly bad and they are showing it, IWM looks every bit as bad as the Q's did earlier.
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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