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Just had a quick look at FTSE and noticed something that could...

  1. 807 Posts.
    lightbulb Created with Sketch. 8
    Just had a quick look at FTSE and noticed something that could possibly signal a reversal very soon.
    We have some nice bullish divergence between the price and the RSI. It also happened back in march 07, and look what followed. I also note that the RSI broke through the oversold line back in March for the first bottom, and has already done the same for the first of the lows 2 weeks ago..
    Not saying it has to happen this time, but could be time to watch your short positions I suspect.....
    Chart looks like this.

    Cheers

    Commy
 
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