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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)
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