There's not much intraday support for the IWM and SPY's move higher, the IWM continues to outperform and the NASDAQ 100 underperform, however this morning there were no positives that would lift the averages like this, instead they hitched a ride with the USD/JPY carry.
However, the $USD has a large negative divergence in it and the Yen has a large positive divegrence in it. The USD/JPY coming down near term has been one of the themes for this week and I suspect we are very close to that happening so be careful if you are day trading here.
I'll post the charts for the assets mentioned above, I just needed to get this out quickly.
5 years ago
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