which is a constant on my tradingview.com platform
continues to reveal constant selling pressure in the S+P 500
that seems unabated, even when prices are rallying.
Look at the indicator for the first trading day of 2019.
As prices rallied back from the lows of the day,
the Indicator was telling a completely different story.
As seen on the CMF chart included in this article,
distribution or underlying selling pressure,was in a steep rise throughout the day
and was not supporting price rise. That is called clear divergence.
That invaluable information is giving you the first clues
that the late price rally in the S+P 500 is very suspect at best.
Indicators can have various functions that can add great illumination to price analysis.
The CMF , Indicator is such an indicator.
It is an indispensable tool, that every trader should use each day in the market.
Thanks very much. Go Bruins !
Ha. Well good things happen to those who deserve it
I hope your new year is blessed with untold riches.
Thanks so much. Really beautiful words.
Thank you very much Drew. You made my morning :)