Friday, November 4, 2011

Still no positive divergences

At the best, just confirmation, at the worst, leading negative divergences.


 The move up in the last few minutes did not occur on any positive divergence, just a slight blip up in EUR/USD. Yesterday's warning: the leading negative divergence in the red box, that's a perfect example of a divergence, price going one way, 3C going the other.

 2 min SPY, negative yesterday and now a leading negative divergence (green arrows just show confirmation of the trend, nothing positive).

Surprisingly, even this early the 5 min chart is leading negative, which also shows yesterday's negative divergence.

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