These divergences are critical to watch, and I enjoy seeing the internals divergences now more than the momentum divergences – but you're right, there were divergences across the board. I just don't look at FOREX charts enough during the day and usually save those for evening analysis if I hear of or see anything interesting. I'll take a look at all those and your updates.

Don't feel bad about discussing divergences! They do matter, but the problem is that price can keep extending after a single divergence, but it's like pulling a rubber band. Price can't extend forever and it's going to have to resolve at some point (similar to a diminished chord in music that has to resolve).

Keep up the great work!

That's also good thinking there too! The intraday structures we see – rounded reversals included – do build the daily candles, and in this case, they built doji candles on the higher timeframes, which underscores the 'bearish' nature of what comes next after a rounded reversal.

I did notice all the divergences you mentioned today, but I believe the cream of the crop was the Yen futures divergence (which I believe you may have mentioned in a recent post) . As the S&P 500 reached intraday highs, the Yen also reached a fresh intraday and weekly high. All in all, that just does not add up very well because upward movement in the Yen usually points to risk-aversion.

If you were watching the forex stream at StockTwits.com, you probably got annoyed of me re-twitting myself multiple times regarding these divergences :p. And any1 who has been following your blog should have made money in the markets today.

Rafael (RemixTrades)

i

These divergences are critical to watch, and I enjoy seeing the internals divergences now more than the momentum divergences – but you're right, there were divergences across the board. I just don't look at FOREX charts enough during the day and usually save those for evening analysis if I hear of or see anything interesting. I'll take a look at all those and your updates.

Don't feel bad about discussing divergences! They do matter, but the problem is that price can keep extending after a single divergence, but it's like pulling a rubber band. Price can't extend forever and it's going to have to resolve at some point (similar to a diminished chord in music that has to resolve).

Keep up the great work!

That's also good thinking there too! The intraday structures we see – rounded reversals included – do build the daily candles, and in this case, they built doji candles on the higher timeframes, which underscores the 'bearish' nature of what comes next after a rounded reversal.

I did notice all the divergences you mentioned today, but I believe the cream of the crop was the Yen futures divergence (which I believe you may have mentioned in a recent post) . As the S&P 500 reached intraday highs, the Yen also reached a fresh intraday and weekly high. All in all, that just does not add up very well because upward movement in the Yen usually points to risk-aversion.

If you were watching the forex stream at StockTwits.com, you probably got annoyed of me re-twitting myself multiple times regarding these divergences :p. And any1 who has been following your blog should have made money in the markets today.

Rafael (RemixTrades)

i