Divergence revisited
The divergence from a week ago worked beautifully and produced a 20% gain. It hit the longer term trendline in oversold conditions today and there was a nasty sell-off.
I need to follow my own advice more often.
That being said, I really like the volume patterns we have going on. A lot of accumulation going on at these levels and I will put my IRA money back into play when the previous lows are revisited. The upsurge in the dollar has especially made emerging markets very attractive.
Labels: Divergence, SPY
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