Quote from opt789:
I see pretty clear divergence between the market and the RSI, MACD on my hourly chart too.
I am short again â didnât post realtime so doesnât count â but I am now looking for a larger pullback of 5%+ to start by the end of the week. If not I will give up, but continue to sell options because the VIX is out of line if we continue the bull run.
Was short this AM, but weakness became strength, basically had to reverse, still holding 1/3 long from afternoon, looks like we are getting yet another W right of the TL & 20 average, what else is new? But that 720m weakness is the first sign I have seen for a while now. All the best!
