Indexes "Band of Brothers Edition 2.0 " Decoding the relation!!!
(No copyrights here feel free to redistribute and spread the knowledge)
In a nutshell, divergences between small caps and SP500 index has a kind of
leading volatility relation " Heads up" kind of a signal !!!
*** When you see minus " -.59 / -.62 " Divergence's reading between SPX & SLY
You need...
overnight has been inside Fridays range and small range balanced action so no real bias but a slight bullishness. Will be watching to see if we can break out of the red zone but until we do my focus will be on trading it as a inside back and forth trade. Be ready for a small tight range day unless some tweet or news hits.trade
