August 8, 2012

SPY Negative divergence

  • SPY Hour chart with negative divergence.
  • Last two divergences has given a correction and correction for the current divergence is yet to happen. Price falling below 20 Hour SMA and 139.80 may give a correction in favor of bears.
  • PCLN BEAR FLAG AND TARGET


2 comments:

  1. Good post. But the negative dips have become shallower. Does it have any significance?

    ReplyDelete
  2. @Tekkie Suresh
    Thanks,
    Expecting only an intraday dip not a big correction.

    ReplyDelete