SPY printed a strong (angle) bullish divergence on intraday time frames (15m) indicative of a sharp impending rally.
Seeing as bullish divergences are strongest at the bottom of a move and SPY plummeted nearly $8 today, I find this okay intriguing to say the least.
entered 2/5 $485c at 3.06
looking for a spike back to $486 on spy tomorrow
Starbucks ( NASDAQ:SBUX ) has printed a bullish divergence on the 1D timeframe.
This occurs when the price action lows create lower lows, while the RSI lows simultaneously create higher lows.
What this shows is that strength is increasing as price drops. Usually indicative of a sharp impending rally and most reliable at the bottom of a move.
NASDAQ:SBUX ...
