late last week I made the comment that the market looked like it
could push again to a new high that would finally setup some
negative divergence on the 60 min and 2hr time frames; something
that we haven't had on the rally since the SPX broke through the
2300 level. With today's push we have the divergence now.
However again divergence is not a sell signal, it can be
lost, but it's something to note as this is the first time we've
had real divergence on the MACD on those time frames.
$SPX - Chart Link - daily view - of course
should price continue higher the next pivot would be a target and
of course then you have the next big round number of 2400
I'm thinking "they" will wait until the State of the
Union address to have a temper tantrum and maybe move lower.
It corresponds to end of month manipulation
period.
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SPX comments
Posted by matt on 21st of Feb 2017 at 12:14 pm
late last week I made the comment that the market looked like it could push again to a new high that would finally setup some negative divergence on the 60 min and 2hr time frames; something that we haven't had on the rally since the SPX broke through the 2300 level. With today's push we have the divergence now. However again divergence is not a sell signal, it can be lost, but it's something to note as this is the first time we've had real divergence on the MACD on those time frames.
$SPX - Chart Link - 60 min view
$SPX - Chart Link - 120 min view
$SPX - Chart Link - daily view - of course should price continue higher the next pivot would be a target and of course then you have the next big round number of 2400
Just get drunk and buy buy buy until your blue in the face.. . LOL
Posted by zach06 on 21st of Feb 2017 at 03:08 pm
I'm thinking "they" will wait until the State of the Union address to have a temper tantrum and maybe move lower. It corresponds to end of month manipulation period.