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vlad.adrian
Sep 5, 2014 9:49 AM

CME - Class A bearish divergence Short

CME Group Inc.NASDAQ

Description

CME has a high accuracy when it comes to divergences. You can look back and check some of them. We have a class A bearish divergence at an important resistance area, 77-78$. The Weis Wave shows a change in behavior, but following that selling volume, we had strong buying volume, and the progress wasn't minimum, so the pattern here is debatable. Cme likes trading in ranges, so first target at 73$. Second target at 70$, but considering how CME moves, I believe the focus should be on the first target.
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