XLF divergence in price movement
Price movement does not agree with the chart. Its going to be difficult to create new highs with no volume or strength.
Price keeps moving up yet most momentum oscillators have just shown a breakdown in price.
Clear out the noise in your head from Syria and the Taper; and focus on what's happening in the market: TNX. I personally believe there is no retest of market highs. Not with soaring bond prices. Oh and by the way, keep on the look out for the debt ceiling. That's important too since it's coming up faster than you think.
Price keeps moving up yet most momentum oscillators have just shown a breakdown in price.
Clear out the noise in your head from Syria and the Taper; and focus on what's happening in the market: TNX. I personally believe there is no retest of market highs. Not with soaring bond prices. Oh and by the way, keep on the look out for the debt ceiling. That's important too since it's coming up faster than you think.
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