Quickpost: SPX 3day Hidden Bearish Divergence
Updated
I have waited longer for this than perhaps I should admit due to closing my long way to early and not letting my winners run..
A quick move to the lower limit of the BB seems likely, if not a break with multiple wicks extending below the BB.
- Price Action hit the bollinger band upper limit
- OBV has hidden bearish divergence
- MACD Histogram has hidden bearish divergence
- MACD seems posed to cross the signal line bearishly.
A quick move to the lower limit of the BB seems likely, if not a break with multiple wicks extending below the BB.
Note
This is basically an update but looking at the 2 day chart instead of the 3 day. The candles look very similar with very tight real bodies and our current candlesticks show a lot of interest to the downside. The MACD also shows tightening price action with the MACD and Signal lines very tight and therefor a tight histogram. The OBV is tight to the 10 EMA and the 10 appears to be about to cross the 20 shorty and bearishly. 
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.