|

Massive Internal Divergences Predict Intraday Trend Reversals

Using today’s price action so far as an example, let me walk you inside the price action for April 30, 2009 in the SPY to discover that massive TICK, Breadth, and Momentum divergences all formed, clueing you in that a price reversal was far more likely than price continuation.  Let’s walk through the market internals…