SP:SPX   S&P 500 Index
This is the mother of bearish divergence, bearish momentum... if some is going long here is just fucking crazy. This is screaming for a SHORT!!!!

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Hi. Sometimes divergence is nothing until it finally plays out. You also have well angled and parallel MAs on the chart. where are the people who sold the first divergence? perhaps with good timing they got some points while they missed the continuation of the upmove which is the big picture. I do believe there is some massive downside coming but markets can stay divergent for a long time
Olu Olu
Check out what happened today Fj. The market roared to the upside despite the massive divergence. The stock markets will soon be starting a downside journey but we need a fundamental reason to tank
Olu for me this is not a competition about who is right or wrong. I just post what I see in the graphs. Sometimes I'm wrong, thats for sure. A lot of times I'm worng, but thats why we all work with STOPS. The graph of SPY is a weekly one so I know I have to be patient to see my short position to work. If you are in the SPY good for you, congrats, because your comments are obvious from a person who is long... like it hurts you someone to tell you that SPY is going to be destroy...
Anyway, maybe tomrrow I'll change my mind and decide to close the short and go long, if the evidence and the graph tell me that... for me this is only to make money, no feelings...
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