ajtj99's Market Pulse

[plexxus]

>>>Money flow, OBV reversal would/will be interesting at these levels along with existing RSI divergence...just something to think about.see chart below any thoughts?>>>

Pantmaker if we are forming either a continuation h/s pattern or some type of triangle here divergence in RSI/MACD etc has to be expected. I think whats most important here is price and volume and most important pattern recognition. Most continuation patterns and triangles by their nature form via negative divergence. I favor consolidation here for a move into year end/1st week of January. From there we'll have to see. I have a projected target of about 1230 based on the SP 500 Inverse H/S Pattern seen below...as always time will tell the tale. Good Trading...

http://stockcharts.com/def/servlet/SC.web?c=$spx,uu[h,a]dhcayiay[dc][pb50!b200!f][vc60][J38048491...