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SPDR S&P 500 ETF Message Board

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  • maloneksm maloneksm Jan 18, 2013 6:49 AM Flag

    triple negative divergence on weekly

    IBD Man , those indicators can be beaten , watch pullbacks and sideways tight action .

    What does real selling look like( trending day down) ? How many do we get follow thru on ? How many real buying (trending days ) do we have up ? OK ,the remainder of the trading days we see consolidation or range days where the market is in balance (70 %)

    Look at a weekly chart and draw a channel from the 2009 low . We test always support / resistance! Knowing where is key !

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