$SPX - Chart Link you can see the recent
divergences gave early warnings for a market reversal. The positive
short term here is that HYG has pulled back MUCH less than the SPX,
not even a 38% retracement yet
$SPX - Chart Link - next here's an
expanded view, notice that all year long this divergence gave some
of the best early notifications of market reversals
Wow. I blew this up a little and noted another divergence
between Oct 5 and Oct 6 foreshadowing the drop in the $SPX. For me
as a novice trader, this was a true gift. Thanks very much,
Matt.
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HYG vs SPX
Posted by matt on 8th of Oct 2022 at 12:18 pm
$SPX - Chart Link you can see the recent divergences gave early warnings for a market reversal. The positive short term here is that HYG has pulled back MUCH less than the SPX, not even a 38% retracement yet
$SPX - Chart Link - next here's an expanded view, notice that all year long this divergence gave some of the best early notifications of market reversals
Thanks Matt. Will add this
Posted by EdZ on 8th of Oct 2022 at 03:55 pm
Thanks Matt. Will add this one to the other excellent market reversal charts that BP has given out.
Wow. I blew this up
Posted by gdsachs on 8th of Oct 2022 at 02:10 pm
Wow. I blew this up a little and noted another divergence between Oct 5 and Oct 6 foreshadowing the drop in the $SPX. For me as a novice trader, this was a true gift. Thanks very much, Matt.