Here is my SPX chart - looks like we are back testing that
trendline now. Look at those negative divergences. Not
that they all play out, but wow, this could be a great shorting opp
if things get going on the downside. Would like one last push
up through the BBs to load up tho.
back test target
Posted by kalinm on 23rd of Apr 2013 at 04:20 pm
probably a little bit higher -- gap fill at 1588? All blue lines have the same slope. RSI 14 can go a little higher too.
Here is my SPX chart
Posted by pebs on 25th of Apr 2013 at 02:14 pm
Here is my SPX chart - looks like we are back testing that trendline now. Look at those negative divergences. Not that they all play out, but wow, this could be a great shorting opp if things get going on the downside. Would like one last push up through the BBs to load up tho.
good observation
Posted by roger on 23rd of Apr 2013 at 06:46 pm