Even as divergence holds in the charts across time frames, we still move higher as expected but without much of a fade downside.
We could be ‘buying the rumor and selling the news’ here as undercurrents continue to signal that the markets are not likely to hold these bullish moves.
Intraday motion is likely to continue long until the catalyst gives us some news.
The troubling divergence that continues across several time frames and through several days won’t make a difference as long as we hold higher lows and higher support.
That said, once the levee breaks, we could see another sharp fade.
Stay on your toes here.
Stock Market Futures Update – April 2, 2019
Twitter: @AnneMarieTrades
The author trades stock market futures every day and may have a position in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.
