US-INDICES RSI divergence and weekly-trends
Notice there is a RSI divergence across the board 3-4 hour time frames.
No recommendation just something educational which is note worthy.
Bullish markets WEEKLY trends:
Monday- Bullish if the previous Friday was bullish, lots of FOMO sentiment
Tuesday- Volatility usually starts lower in the morning / then up in the afternoon
Wednesday- Most volatile with an end of day sell-off or "dip"
Thursday- The BEARs come back and try to turn the market lower. (typically the best day to buy)
Friday- The BULLs regain control and move the market higher
Repeat,
No recommendation just something educational which is note worthy.
Bullish markets WEEKLY trends:
Monday- Bullish if the previous Friday was bullish, lots of FOMO sentiment
Tuesday- Volatility usually starts lower in the morning / then up in the afternoon
Wednesday- Most volatile with an end of day sell-off or "dip"
Thursday- The BEARs come back and try to turn the market lower. (typically the best day to buy)
Friday- The BULLs regain control and move the market higher
Repeat,