My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
April 26, 2011
ES Negative Divergence
ES Hour and MACD is showing negative divergence.
Now price has to help the bears as well. Price should confirm by giving a correction.
Recent track record with Divergence has not been good. Most of the Divergence shown recently has not worked because price did not help. Lets see how this one goes
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