cletibals

Negative Divergence - S&P500

Short
CME_MINI:ES1!   S&P 500 E-mini Futures
Negative Divergence between price action and the MACD in the E-Mini on the daily and hourly charts signal a weakening rally. Coupled with trading at 2 standard deviations above the 50-dma and evidence of distribution in the shorter time frames sets the market up for a potential correction.
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