By definition, ‘Negative divergence’ points to lower prices in the future. It occurs when the price is moving higher but a technical indicator is moving lower or showing bearish signals.
In the chart, the price has been moving higher, but the RSI remains flat.
Market was up, but turned lower because of the ‘tax-the-rich’ comment. Looks like a forced sell-off. Market is looking for a reason to correct. Nonetheless, I think the sell-off is short-lived. The overall market sentiment remains bullish. In addition, the ‘tax-the-rich‘ policy is difficult to get enforced. On the daily…
Is Snapchat that different and unique? Instagram, Facebook, Twitter, Google+, and LinkedIn to name a few. How social do we need to be? The not so new kid on the block is Snapchat, which is facing quite a bit of competition from Instagram. What does Snapchat offer that is so…
Overview SP 500 FUTURES consolidated below 4176 within a very narrow range. The bulls need to break the 4164 / 4176 resistance zone in order to continue pushing the price higher. To determine the trend, support and resistance, I use the Renko chart technical analysis and patterns for today’s analysis….