In my recent post, I emphasized the importance of confirmations betwixt movements of an index (such every bit the S&P 500 Index futures, above) together with the movements of cistron sectors (such every bit the S&P 500 Index fiscal stocks, XLF, below). As yous tin run across from the charts, the fiscal stocks (like the consumer staples, healthcare, together with utilities sectors) did non confirm the 13:00 PM CT depression inward the ES contract. That led to a abrupt reversal soon thereafter, every bit selling describe per unit of measurement area could non sustain a wide marketplace position decline.
But there's to a greater extent than or less other mode of thinking almost this pattern. We know from the tidings (and Trading past times Intermarket Themes
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