Monday, September 20, 2010

Divergences Piling Up

SPY 3C negative divergence-pretty much a leading negative divergence.

The DIA Negative Divergence

QQQQ Almost a leading negative divergence and what appears to be ANOTHER false breakout/ failed breakout from a bullish bull flag consolidation.

AAPL in a leading negative divergence and what also appears to be a false breakout from a bull flag. These guys are getting way too obvious.

Here's the indicator I told you about last week that works pretty well, just use the TICK (intraday) vs the SPY and look for divergences like this one to spot changes in trend-at least on a short term basis.

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