XJO 0.38% 8,235.0 s&p/asx 200

monday spi, page-19

  1. 9,803 Posts.
    Just look at the rsi on spx daily. Heavy unsubtle positive divergence at the lowest low so far in this correction. ROC is booming up. Nothing is infallible but clear divergence is about as good an indicator as we get imho. As for timing, well, divergence can hang around for a while as we have all seen at the recent highs but its clearly saying spx is due for a rally sometime soon.
 
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