While we are seeing some intraday divergences now in multiple assets and averages, we are also seeing them starting to form in Index futures, here's ES/SPX futures as an example...
Intraday ES positive divergence from in line earlier. NQ and TF are also positive as are SPY, QQQ and IWM. This is just a first step and some movement, it's not a trade signal, but at least we are getting some movement now.
The Intraday NYSE TICK Index has been flat from the earlier downtrend, mostly in negative territory, but flat.
Our Custom TICK indicator is showing improvement as well in its histogtam below intraday.
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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