July 7, 2010

Positive divergence in S&P 500

  • Positive divergence is seen in MACD and the index might give a small bounce from this developing positive divergence.
  • The trend line drawn below the price should hold for this one to work. If the index closes below that line the divergence will vanish in no time.
By at

3 comments:

  1. mynacJuly 7, 2010 at 12:25 AM

    Dear San,
    At present Dow has given up its all intraday gains.S & P also trading below its intraday pivot,how do you read this? Though still there is time for final bell but at least at present not look good.

    ReplyDelete
  2. SanJuly 7, 2010 at 1:11 AM

    Yes mynac but i am watching the 15 minutes chart of S&P 500 which may give a short term up move if 1020 is held

    ReplyDelete
  3. R,ManivannanJuly 8, 2010 at 7:40 AM

    Hi San,
    I have been following your blog for quite some time you do a great job keep it up.
    Best wishes.
    Mani

    ReplyDelete

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