RSI and MACD divergence looks to be developing, possible buy
Kommentera
⋅
divergence definitely was invalidated
Kommentera
⋅
Divergence may not have been invalidated and price looks to be moving to the upside. I think we will see a bit more short term correction to the upside, but definitely more downside after that small correction
Kommentera
⋅
Previous idea was drawn a bit premature. Based on this, we may be heading into some resistance..
Kommentera
⋅
Trading near the top of the formation, I don't see anything really bearish. I am looking for shorts, I think price is pretty inflated overall along with the market. However, price action seems pretty bullish, so it may break to the upside so i'm holding off for now until I see something. If it continues its bullish move I may start looking for longs...we will see how it plays out
Kommentera
⋅
hmmm,..I am going to stay away from this and probably SPX for a few days and see how this plays out
Kommentera
⋅
price was rejected right at 11,630 area and rocketed down