christopherbrecher
Short

Negative divergence is better than the cnbc pundits.

AMEX:SPY   SPDR S&P 500 ETF
286 4 4
The negative RSI divergence i mentioned yesterday worked again.
Very clear chart.
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Thanks,..I didn't show it on here, but I don't just short on negative divergence. I look at a 3 minute chart for the timing.
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I've become a much stronger believer in the RSI recently and you are right on. I'm curious if you ever, also, use ADX D+ D-. I'm finding it to be very helpful with RSI for confirming.
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No , I don't use adx, but I'm thinking of researching it this weekend. But you should use the Comp RSI , instead of RSI. Works much better. The code has been posted many times on Trading View.
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