Please see notes on chart. I am seriously minding the 10yr yield - if it moves to 1.9-2.0 there could be spook selling.
I use RSI-price divergence often and I highlighted bullish divergence on charts (black lines) to show that since the larger trends are down, a bullish divergence does not necessarily mean a complete trend reversal. It could, but it also creates great trade setups for a shorter-term bounce.
I use RSI-price divergence often and I highlighted bullish divergence on charts (black lines) to show that since the larger trends are down, a bullish divergence does not necessarily mean a complete trend reversal. It could, but it also creates great trade setups for a shorter-term bounce.