No. of Recommendations: 0
Look at this chart:$SPX&p=D&yr=7&m...

Is this a classic divergence signal? The blue line is where the RSI peaks at above 70. The red line is where the market peaks after the RSI peak. The market goes up from the blue to the red line while the RSI goes down. The last two times this happened led to the 2008 meltdown and an 18% decline in fall of 2011.

What comes next?

Do others agree that this is a classic divergence signal??

Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.