Interestingly, some things have changed in intraday futures, like ES looks a lot more negative now, TF remains VERY negative, but NQ/NASDAQ 1000 futures look like they are running in to the close with a predetermined positive divegrence, maybe to create that Igloo/Chimney top as price action (as seen earlier on the Daily charts) has a rounding look since the move up on 12/17 that was forecast on 12/12. It seems to be an obvious run of some limit/stop orders @ $105 and is already showing distribution in to the move.
All averages in fact are showing deeper intraday distribution in to the close and scratching beyond the thing veneer or facade at 2 min or longer charts and the damage is more pronounced, this includes the DIA.
I'll post charts ASAP, but I think the market is failing here in the last day of Window Dressing and the first of the Santa Rally as posted way back on 12/15 or so as things became more clear.
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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