Just as I didn't shortening IYT with that intraday positive divergence, it looks like the entire market is about to bounce intraday with positive divergences in the averages and the index futures.
Look for a bullish candle between 10 and 60 minutes with an increasing volume, that's likely the intraday low and we should see a bounce off of that. I will post charts momentarily.
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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