iamroot

Trend Divergence in S&P500 Futures

CME_MINI:ES1!   S&P 500 E-mini Futures
This trend divergence is continuing to build on both the weekly and daily charts. Part of what causes this divergence in the volume weighted directional bias indicator is a drop-off in trading volume as the rally progresses. We're entering a seasonally strong time of year for equities, so it's hard to take a bearish outlook. Just the same I'll be watching this develop cautiously.

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