Wednesday, June 18, 2014

Quick Snapshot

The market will move so fast I won't be able to get charts out fast enough, but on the initial knee jerk which has been mellow (look at the daily changes today), here's the lack of confirmation, since there has been a parabolic looking curve now moving or starting to move to the downside. I think their Interest rate outlook is wildly inconsistent with data and trends and this may be concerning to the market.

I'm using short term charts as they will reflect the newest information since the policy announcement first.

 SPY 1 min no confirmation

SPY 2 min no confirmation, not even trying.

SPY 3 min, no confirmation

IWM 1 min, no confirmation

IWM 2 min no confirmation

IWM 3 min

QQQ 1 min no confirmation whatsoever

QQQ 2 min no confirmation at all.


No comments: