Hello Everyone,
slight pullback on the major indexes. We continue to monitor the negative divergences etc, and the market has come a long way in a fairly short time. As you know we have been monitoring negative divergence on the 60 min and 2hr time frames, as well as wave 5's. Also positive divergence on the daily VIX chart via the RSI, HYG corporate bonds are lagging the general market.
strong day in the agriculture commodities: DBA, Corn, Wheat, Sugar.
Software and AI stocks also strong today, all discussed from weekend newsletter
have a great night!
Matt