That last GLD post may be right, the last market update showed the 1 min intraday QQQ losing momentum, now the SPY is just entering a relative negative divergence, DIA is in a negative divergence (the first one of this run), the QQQ is moving in to a relative negative divergence and the IWM is in its first negative divergence in to this run. These are initial divergences, but I mention them because there was confirmation on the move up, this is a change in character, these lead to changes in trends.
5 years ago
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