Posted by windyjazz on 31st of Oct 2013 at 11:56 am
standard positive divergence played out for a bounce. But if the
morning high is not taken out and price falls back into wedge the
reverse divergence will be even more pronounced which could mean a
continuation of the downtrend. Which way to go...we are in the
doldrums so it may just consolidate here.
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5 min $SPX
Posted by windyjazz on 31st of Oct 2013 at 11:56 am
standard positive divergence played out for a bounce. But if the morning high is not taken out and price falls back into wedge the reverse divergence will be even more pronounced which could mean a continuation of the downtrend. Which way to go...we are in the doldrums so it may just consolidate here.