Indices Daily Weekly chart check
I see RSI divergence on LOTS of charts including:
-S & P 500 with 3 dojis in a row and an ugly red friday
-Basadq100
-Nasdaq Comp (& Double Top)
-IBX35 (Spain)
-CAC40
-Nikkei225 (at the recent high and further on the LH's)
-XJO (Just)
HOW SIGNIFICANT? WE SHALL SEE THIS WEEK MOST PROBABLY. NEW HH = observation broken.
Just FWIW several years ago when I did a study of major tops and bottoms and related chart patterns and indicators RSI div stood out as "MY INDICATOR OF CHOICE".
M
Said before but my simple logical explanation is
"a HH in price met by lower high in RSI = reduced interest from SM." They are selling into the upthrust in price.
Indices Daily Weekly chart checkI see RSI divergence on LOTS of...
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