A lot of traders were surprised to see silver and gold prices drop (after all, we are on the verge of a major catastrophe, so why did it drop?). To me, this drop was not surprising at all. A big bearish divergence was formed between gold and silver over the last several months. And this is not the first time this divergence foretold a selloff.
Analyzing main indices’ price action for confirmations as well as bullish and bearish divergences helps me assess the ongoing market model signal’s strength as well as potential reversal odds. Let’s review the latest price action.
Analyzing main indices’ price action for confirmations as well as bullish and bearish divergences helps me assess the ongoing market model signal’s strength as well as potential reversal odds. Let’s review the latest price action.
Analyzing main indices’ price action for confirmations as well as bullish and bearish divergences helps me assess the ongoing market model signal’s strength as well as potential reversal odds. Let’s review the latest price action.
Analyzing main indices’ price action for confirmations as well as bullish and bearish divergences helps me assess the ongoing market model signal’s strength as well as potential reversal odds. Let’s review the latest price action.
When the market breaks out and hits new all time highs, it is important to observe how price moves during the first trading days after the break out. If the price reverses, it might be an early warning sign of a larger sell off to come.
The market staged a massive break out since October 2019. The main three market indices — S&P500, Nasdaq and Dow Jones — have been rising for the last several months reaching new all time highs on a consistent basis. Yet, a lot of sector ETFs failed to reach pre-2018 correction highs forming bearish divergence between these sectors and S&P500.
The market staged a relief rally during the last several days but is now rolling over. See how much each of the indices – Nasdaq, S&P500, Dow Jones and Russell – retraced since reaching the intermediate bottom.
Market started to display signs of weakness. This is evident when comparing Nasdaq to other indices. Let’s review the charts of Nasdaq, S&P500, Dow Jones and Russell.
The S&P500 bull market is believed to be one of the longest in the history of the U.S. stock market. However, how does it compare to prior rallies during the last 100 years? Based on historical precedents, at what levels can the S&P500 peak?