Posted by sbaxman111 on 31st of May 2016 at 03:03 pm
The RUT daily chart has met some resistance at a rising
trend line. It also has a 20,2 %B indicator overbought along with
an ADX2 level above 95 - a level where reversals have recently
started within a short period of time.
There is no negative divergence on $rut on the daily chart yet.
I will expect that 1164 will be tested when divergence is present
in a few days. Thanks for your note, I am watching this puppy for a
trade too!
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RUT daily chart
Posted by sbaxman111 on 31st of May 2016 at 03:03 pm
The RUT daily chart has met some resistance at a rising trend line. It also has a 20,2 %B indicator overbought along with an ADX2 level above 95 - a level where reversals have recently started within a short period of time.
http://stockcharts.com/h-sc/ui?s=%24RUT&p=D&st=2016-01-01&en=today&id=p79477051565&listNum=1&a=349845746
There is no negative divergence
Posted by junkie on 31st of May 2016 at 03:26 pm
There is no negative divergence on $rut on the daily chart yet. I will expect that 1164 will be tested when divergence is present in a few days. Thanks for your note, I am watching this puppy for a trade too!