Sunday, April 17, 2016

chart: SPY & the Hi Lo 10dma


The 10 Day Hi-Lo is flashing a caution light.  When the SPY makes a higher high while the 10 day Hi-Lo starts to drop, be on watch.  In the past divergences appear at most turns in the market.  At the very least, the 10 day Hi-Lo develops lower highs and lower lows at or near tops and higher highs and higher lows at or near bottoms.
This one down turn in the 10 day Hi-Lo is not by itself an indicator of a guaranteed turn, but, it is a waring that it should be carefully watched.

Buying Pressure has been falling and we are getting closer to the potential ST and Intermediate Term forecast turns in the market.

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This has been posted for Educational Purposes Only.   Do your own work and consult with Professionals before making any investment decisions.  
Past performance is not indicative of future results

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