Here comes the oversold (intraday) bounce)...
SPY 1 min
QQQ 2 min
The divergences stop at about 3 min, there's a big difference between 1-3 minute and 5 min, note the volume also a key giveaway.
IWM 5 min is really doing nothing, but the volume is very noticeable on this chart.
Seven years ago or so when I was placing well over a hundred trades a week, this is the kind of day trade I'd take one.
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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