FSLR Update as a Market Example

Looking at FSLR, it makes perfect sense as long as the market is doing what is expected, a pullback to the bottom of the range followed by a strong upside move, that will be followed by a primary bear market move even larger.

For now though, FSLR looks to be a good barometer of market action in coming days.

 FSLR 10 min accumulation trend

15 min strong accumulation trend and head fake move that is in scale for an upside reversal within the next couple of days.

30 min chart shows the accumulation trend VERY CLEARLY, this is a strong long candidate.

60 min chart with a very strong positive divegrence and accumulation in all of the long timeframes.

 However in the intraday charts (where we'd expect that short term pullback), we have a negative and leading negative divegrence at 2 min

the 5 min chart is the transition period, charts before that are negative, after that positive, this means the expected pullback shouldn't be more than that as the 5 min is NOT negative and the expected move to the upside should be very powerful.

FSLR is a great proxy for the market, not just by 3C, but leading indicators, currencies, futures, etc.