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A Reliable Signal for Bottoms


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#1 redfoliage2

redfoliage2

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Posted 24 September 2021 - 09:25 AM

NYMO just formed a positive divergence with index prices, a textbook indicatior for a bottom.......................


Edited by redfoliage2, 24 September 2021 - 09:31 AM.


#2 redfoliage2

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Posted 24 September 2021 - 10:18 AM

In 2019 we had this in May - June and SPX rallied for two months following it.  Since the pandemic we did not have it (due to lack of deep pullbacks) till this time, showing a perfect setting for the signal ..........................


Edited by redfoliage2, 24 September 2021 - 10:27 AM.