2use
Short

SP500, NAS and other show negative divergence on RSI

FX:SPX500   S&P 500 index of US listed shares
Check up NAS , SPY             or any other and look out for RSI negative divergence. MACD is already cooling down and RSI did not go that far as the prices of the indices went. If BABA IPO fails, and something major happens it will be a good reason to sell off the markets. The uptrend in the recent months has been slowish, and the whole feeling of the market is overbought for me. Guts tell to go short is better risk/reward than putting bets on a bull run.
Pity this chart does not look normal for some reason - it was so spot on
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I sometimes have this trouble too. Here is your chart with the 10 ema removed. Much better. Moving averages will sometimes do this to charts. I looked at this chart when you published it but honestly thought you intended it to be that way. Yet, it was so squished I had no idea what you were trying to show. Now I know this was a mistake;I should have asked . Here it is as intended -ema and a little change to divergent line. That light blue had to go . :-(( :-)
snapshot
+1 Reply
2use littleriver
I regularly revisit my own ideas in a week to see how they panned out. Best idea and such a screw up :( thought it posted it correctly.
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2use littleriver
Thanx for checking this out - really hoped it would help someone . I republished the chart and will be checking my posted charts from now on.
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.....And it slides right after this chart was posted...even i am amazed that i should have taken this more seriously.
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