redbacka' s wedgy wednesday, page-7

Above is a chart of the Twenty Leaders. This is the sector where the big institutions have most of their funds allocatted. Unless this sector is positive, there's little chance that money flows are going to be bullish for the broad market.

Divergences on the CCI.20 from the Index chart are often good leading indicators of trend changes. There's currently a clear positive divergence on the CCI20 from the XTL chart. A rise above -100 after a divergence would be bullish.

The daily Stochastic has broken its down trend line. A rise above 20 would be bullish.

The RSI is on the verge of a break upwards of its trend line.

Again - we have a scenario setting up for a positive change in trend. A good day today should fulfil the criteria.

Good luck
Redb