"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10

Monday, May 23, 2011

S&P 500: Weekly View

Unlike with the previous little corrective flag (the one that re-set sentiment after Japan), this one comes w/ MACD weekly trigger down and bearishly diverged despite the recent cycle highs.  RSI also registered bearish divergence at the highs.

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