BLUE43

SPX500 DIVERGING, MORE UP TO EXTENSION ?

FX:SPX500   S&P 500 Index
309 3 20
...
Comment: any comments ?
Hello! What do you think of SP500? Currently it is on strong resistance at 2080. Seeing divergence signal. For last month SPY and USO had correlation of 0.0137 (http://www.buyupside.com/calculators/stockcorrelationinput.php). Seems like rising oil prices will not help other stocks outside basic material sector. What do you think?
Thanks
Reply
Go long I am short and this market has not down side.
Reply
Yes, 2115 is likely.
+1 Reply
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