As somewhat expected after today's price action and the after hours futures, the Index futures have given much sharper negative divergences, it seems clear that today's move up was nothing but an opportunity to sell in to.
I'll post a comprehensive update of the charts in the morning, but for now, here's a look at how they are shaping up.
ES 1 min
ES 5 min
ES 7 min
All very sharp, very negative.
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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