Breaking: RSI Divergence
Read an article online, that shared about a potential RSI divergence forming on the S&P 500 weekly. What does this means for us?
Divergences often signal potential reversals/trend shift - prices are going up, but volume is decreasing. This signals weakness.
Divergences often signal potential reversals/trend shift - prices are going up, but volume is decreasing. This signals weakness.
What to do as retail?
Watching closely is key; hold cash and wait for opportunities once things start shifting. Note that this is happening on a ‘Weekly’ chart, so any changes won’t be felt immediately.
Watching closely is key; hold cash and wait for opportunities once things start shifting. Note that this is happening on a ‘Weekly’ chart, so any changes won’t be felt immediately.
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aspiring investor & gamer. i mostly focus on technical analysis, and will try to share my observations.
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