Thursday, July 1, 2010

Interesting Divergence on S&P



As you can see from this Chart, as prices move lower. there is no confirmation of a break of that 1050 support level from Accumulation/Distribution. Now this is not a BUY signal just yet, but this is definitely a level I'll be keeping my eyes out for. If we see a bounce up on the acc/dist, I would consider that to be a BUY signal. Otherwise, I would be uncomfortable holding equities in my portfolio if this acc/dist line breaks that support line. I'll keep everyone updated on this...

No comments:

Post a Comment