This is a shot of $SPY which demonstrates why I would have gone
short and took no longs home overnight with me yesterday. Hidden
divergence states, if MACD hits higher previous highs yet price is
forming lower highs, it is still trending down. Now as Steve and
Matt suggested, I am seeing same potential story on $SPY 24 hour
charts with an inverse head and shoulders on 1 & 5 minute
views.
Hidden or Reverse Divergence: What BPT taught me years ago, but pays off everyday
Posted by zitron on 10th of Mar 2015 at 09:23 am
This is a shot of $SPY which demonstrates why I would have gone short and took no longs home overnight with me yesterday. Hidden divergence states, if MACD hits higher previous highs yet price is forming lower highs, it is still trending down. Now as Steve and Matt suggested, I am seeing same potential story on $SPY 24 hour charts with an inverse head and shoulders on 1 & 5 minute views.
So, you mean the MACD
Posted by frtaylor on 10th of Mar 2015 at 09:47 am
So, you mean the MACD histogram, not the MACD itself, right?