Thursday, November 6, 2014

worrisome Price / MACD divergencies

The markets can not continue to go up without a break-down!

For the first time since the low of Oct 15, we have Price / MACD divergence in the 2 hour chart corresponding to almost overbought RSI(14) conditions.

What worries me the most is the Price / MACD divergence on the weekly charts (as well as monthly).
This concerns the whole uptrend that begun in November 2012!






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3 comments:

  1. AnonymousNovember 7, 2014 at 8:06 AM

    You can keep pointing out technical things, meanwhile the Dow and SPX have run away since 10/15. Why fight it. You lost a ton of money not riding this ramp up.
    What exactly will make the market go down? Be specific.

    ReplyDelete
    Replies
    1. TradesweeklyNovember 8, 2014 at 11:33 AM

      This is how you short my friend:

      http://tradesweekly.blogspot.com/2014/11/looking-for-that-tradable-1-2-3-down.html

      Delete
    2. AnonymousNovember 8, 2014 at 4:25 PM

      And since Nov 4th, the Dow has risen about 350 points. You're just dead wrong, way too early. Maybe mid November at best for a 5% pullback that will last 4-5 days tops, then more all time highs to follow.

      Delete

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