Click On Charts To Enlarge:- Charts on this blog include - Cyrptos - Stocks - Forex - Market Indices - Commodities - Bonds

Friday, April 4, 2014

S&P 500 Showing Divergence



An interesting thing to note is that the S&P 500 had a divergence from the Twiggs money flow indicator which eventually resulted in a correction in January this year. Now we have exactly the same divergence. Will it be followed by a correction again this time? My guess is yes it will. Time will tell.

Below the S&P500 daily chart with the Twiggs money flow daily 21 indicator.

                               (chart source:www.incrediblecharts.com)


No comments:

Post a Comment