• 326 days Could Crypto Overtake Traditional Investment?
  • 331 days Americans Still Quitting Jobs At Record Pace
  • 333 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 336 days Is The Dollar Too Strong?
  • 337 days Big Tech Disappoints Investors on Earnings Calls
  • 337 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 339 days China Is Quietly Trying To Distance Itself From Russia
  • 339 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 343 days Crypto Investors Won Big In 2021
  • 344 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 344 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 347 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 347 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 350 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 351 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 351 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 353 days Are NFTs About To Take Over Gaming?
  • 354 days Europe’s Economy Is On The Brink As Putin’s War Escalates
  • 357 days What’s Causing Inflation In The United States?
  • 358 days Intel Joins Russian Exodus as Chip Shortage Digs In
  1. Home
  2. Markets
  3. Other

Important Negative Divergences

We can notice that the negative divergence between SP500's price and its RSI remains intact and becomes quite long (1.5months). For sure it can hold on for some time, but it can't last forever.

Key Support 1305

On top of this negative divergence on the RSI, our Sigma Trading Oscillator has just generated a negative divergence between price and trend.

Sigma Trading Oscillator

Our turnover index remains in sell territory

Turnover Convergence

With all these negative divergences, we see no reason for cutting our short position on the S&P500 (average price 1285.9).

Have a nice trading day,

 

Back to homepage

Leave a comment

Leave a comment