October 27, 2013

NETFLIX Channel and Negative Divergence

  • Netflix weekly chart shows big negative Divergence with Price and RSI. Daily chart is also showing bearish price action, But the weakness due to divergence can be confirmed only if price starts to trade below 50 Day SMA.
  • Weekly chart looks like it may correct to the rising support line of the channel in the coming week.
  • CRUDE OIL Weekend update
  • ES Ascending Triangle
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