Replies to post #20122 on ETF SWING & DAY TRADING

[CaribbeanJim]

Torq - Internets Bear is Weakening

The chart of the internets looks fairly ugly, but I do see some sunlight starting to peak through which will potentially help out next week.

- MACD Histogram is showing a positive divergence
- The 3 month downtrend on the MACD is getting long in the tooth
- It is settling in its Aug-Oct consolidation range
- Red DMI is ready to cross down through the trend strength line
- Nice hammer today!

It still may be another week before it starts up, but the signs are there for it to already begin its move back up.