Derivati_Capital

Abysmal Retail Sales, Bearish Divergence

Short
AMEX:SPY   SPDR S&P 500 ETF TRUST
Bearish divergence on the Chaikin and the Fisher Transform , dangerous amount of momentum available if reality starts kicking in here. Falling volume giving an indication of uncertainty at these levels, to be expected. Be patient and watch how it behaves near the 100 VWMA . PPT is still active and will actively seek to eat shorts alive.



Retail sales sink 1.2% in December in the worst plunge in nine years

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