Short Term Trading Member Forum

[techcharter]

ABX index divergence.

Often I've commented how the ABX index was a good indicator of where the equity markets were heading. Tuesday the ABX rallied a little as the equity markets plunged. This divergence proved to be buy signal. Today, the index rallied only a little as the equity markets surged. I'm going to interpret this as momentum is slowing, and a top in both the ABX and equities is forming.