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protoplasmictraveler
Jan 26, 2019 12:37 AM

SPX Short January 25th 2019 

SP:SPX1W
S&P 500SP

Description

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Oscillators and volume showing bearish divergences on this rally from the weekly 200 MA.

Will the rally hold?
Trend AnalysisChart PatternsTechnical IndicatorsS&P 500 (SPX500)SPX (S&P 500 Index)spx500short
Comments
dragonus
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The middle and lower indicators on your chart actually show bullish divergence, instead of bearish divergence.
sureshpoudel
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@dragonus, true.
protoplasmictraveler
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@dragonus, Price makes a lower high and oscillator makes a higher high? Isn't that bearish?
dragonus
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@protoplasmictraveler, That's bullish. If the price makes higher high while oscillator makes lower high, it's bearish.
DaMoneyBadger
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@protoplasmictraveler,

It's a nittygritty detail, but technically you've pointed out a HIDDEN bearish divergence instead of a REGULAR bearish divergence.
It's definitely not a bullish divergence like @dragonus and @sureshpoudel say.

google.com/url?sa=i&source=images&cd=&cad=rja&uact=8&ved=2ahUKEwiih97lm4_gAhXMbVAKHZM4BSMQjRx6BAgBEAU&url=https://www.forexfactory.com/showthread.php?t=557434&psig=AOvVaw0zhzz832MYspQ-Dk4CmBh1&ust=1548721627556736
DaMoneyBadger
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Whoops wrong link:

forexfactory.com/attachment.php?attachmentid=1753822&d=1442319120
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