SP:SPX   S&P 500 Index
192 1 1
Pick your indicator, ADX , RSI , or Ultimate Oscillator all point to the divergences we are all seeing. I am cautious with longs now as the market has to get more powerful buyers and more inflows to push us higher. This is also being brought out by the violent whipsaws inter-day.
Agreed! Be careful tho, as long as the oscilattor is rising there is no divergence. I only use MACD, cause I can check if we have a divergence on the histogram. Obviously you get some false signals even like that, but it's a really good filter.
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