Looking at the QQQ and the /NQ (NASDAQ 100 Futures), they look an awful lot alike and with the only two means of support seemingly giving way, I'm taking these charts seriously.
QQQ 1 min with this morning's positive just before the European close and a leading negative now, very similar to NASDAQ 100 futures...
You may recall the positive divegrence seen this morning in the A.M. update which led to a move up on the opening bell, again a similar leading negative divegrence currently.
The 2 min QQQ chart looks a lot like both above.
And for a potential head fake move, the leading negative 5 min chart right at the move is a little more than interesting.
The same with the 5 min /NQ NASDAQ futures, amazing symmetry in the signals between the Q's and the NASDAQ Futures.
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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