The pair reversed premarket on a decent size divergence and as it has been pretty much lateral all day, 3C has gone in to a higher leading positive divergence. This would be helpful for market upside as well as that GLL long.
Friday, November 9, 2012
FX-EUR/USD Also Interesting for the bigger picture
Take a look at how the EUR/USD 3C divergence has progressed today, I really like what I see here. If this hold up and the negative divergence overnight at the European open held up and was correct and the last divergence we saw in the pair was also correct (as it is a new pair we are using 3C with exclusively on the pair), then the signals in GLD make sense and this also fits with the bigger picture of the longer term and the short term trend positive divergences in the market averages, AAPL, etc.
The pair reversed premarket on a decent size divergence and as it has been pretty much lateral all day, 3C has gone in to a higher leading positive divergence. This would be helpful for market upside as well as that GLL long.
The pair reversed premarket on a decent size divergence and as it has been pretty much lateral all day, 3C has gone in to a higher leading positive divergence. This would be helpful for market upside as well as that GLL long.
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