TF: 4 Hr
RSI and MACD divergence looks to be developing, possible buy
RSI and MACD divergence looks to be developing, possible buy
Note
divergence definitely was invalidatedNote
Divergence may not have been invalidated and price looks to be moving to the upside. I think we will see a bit more short term correction to the upside, but definitely more downside after that small correctionNote
Previous idea was drawn a bit premature. Based on this, we may be heading into some resistance..Note
Trading near the top of the formation, I don't see anything really bearish. I am looking for shorts, I think price is pretty inflated overall along with the market. However, price action seems pretty bullish, so it may break to the upside so i'm holding off for now until I see something. If it continues its bullish move I may start looking for longs...we will see how it plays out
Note
hmmm,..I am going to stay away from this and probably SPX for a few days and see how this plays out
Note
price was rejected right at 11,630 area and rocketed down
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.