In the past six months or so, whenever we've had a negative divergence AllOrds/SP500, it's led to a big(ish) decline in the Oz Market.
Back about one year ago, on the far left of the chart, you can see a similar negative divergence, which led to the -12% correction into late June, 2013.
Redbacka.
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Last
8,570.4 |
Change
-9.700(0.11%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,580.1 | 8,593.6 | 8,558.3 |
| XJO (ASX) Chart |