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coming up off keltner support


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#1 da_cheif

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Posted 07 July 2017 - 01:30 PM

 

http://stockcharts.c...234727006&r=406



#2 Douglas

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Posted 08 July 2017 - 02:00 AM

Don, the MFI chart right below your channel chart of the SPX shows three declining peak areas diverging from SPX price. If you down load this chart to also show 2015 and 2016, you will see similar three declining peak diverges in MFI with price before the SPX had serious corrective breaks of the 55 EMA in the Jan-Feb 16, June 16 and Oct-Nov 16 time frames. Maybe the current third divergent peak area is not finished forming, but if recent history is any guide, before too long SPX should trade a lot lower.

Regards,
Douglas

Edited by Douglas, 08 July 2017 - 02:03 AM.


#3 da_cheif

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Posted 08 July 2017 - 06:37 AM

unfortunately those are all products of a slow advance and from my 30 years of experience i have found all that worthless    .....and one of the reasons why so few make itt to the top of k2....being bearish is easy