Tuesday, November 29, 2011

Retrace

As of the last market update in which negative divergences in 3C were visible on the SPY/DIA/ES, the market has retraced about 50% of today's gains. The divergences are still there and look worse, I'm going to check credit/risk indicators next.

 The dia had a negative divergence at the last post, it is now leading negative.

 ES divergence.

SPY also leading negative.

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