We Have Our First Divergence $Study

There is a slight divergence on the 40 DPI today but the truth is, that breadth looks good, and when we do get divergences price can still climb for a while.

The Zweig seems just great, climbing and running along:

Nothing going wrong for the bulls on the CVI:

Here is our divergence on the 40 DPI: (It is the lower high pointed out by the downward sloping red line.)

NH/NL index says all engines ahead. Icebergs? What icebergs?

And the trenders are just steaming along too:

Market News and Data brought to you by Benzinga APIs
Posted In: MarketsTrading Ideas
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...