Couple of 3C Charts of the SPY
Here's 2 charts of the Spyders (S&P-500 ETF) using my indicator for accumulation/distribution-3C.
The first, is a 10-min (yellow) and the other a 5-min (blue). Note the positive divergences in each (both are calculated differently), confirming each other. As price made a lower low this morning, the indicator posted a higher low that was extremely positively divergent.
The first, is a 10-min (yellow) and the other a 5-min (blue). Note the positive divergences in each (both are calculated differently), confirming each other. As price made a lower low this morning, the indicator posted a higher low that was extremely positively divergent.
posted by Brandt at 11:58 AM
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