DislikedAre indexes temporarily topping? Technically it is more than likely. Bass, if you choose, ETMETE analysis is you department. :-) Notice triple divergence on d1. Simple is normally signal for continuation. Triple is hard warning of major PB or reversal. Personal observation, four divergences are normally reversal or if they fail, it'll fly to the moon. BR {image}Ignored
This is what i was preaching since 2 weeks now, i noticed the divergences long time ago but this spike upward seems to me like a dead cat bounce or a bull trap technically speaking, anyway and if you read my links you will see that everybody is talking about a bubble and its exactly that make me believe this bull run will continue, just look of what happened to the EU when everybody started talking about "Wall street falling in love with the Euro that yielded 8% since the beginning of the Year". This was @ the 38'sh, look @ where are we now.
And if everything continue today as it is now (PA Wise) we will get a bearish Harami candlestick pattern today @ the close, and you know what that means.
PA touched the BTS today only to reverse down with a vengeance, my TSL (Trailing Stop loss) were almost hit above the ADR, its good to mention that we are on the Lower Daily Band were PA being bouncing 3 times from this level and this is the fourth.
Best,
B.R.
Master Your Setup, Master Your self. (NQoos)