Quote from SoCalTrader619:
Funny you posted that. I was watching that exact divergence earlier (see chart).
Is it safe to say that you play the major inventories for longer term swings, in addition to taking intraday setups for smaller profit targets? I see lots of divergence plays every day. I guess the best thing to do is wait for price to show divergence at important levels before taking intraday setups.
Divergence at important level... let's see.
+24k CD div at 895 -> price reacts with 5 pt plunge. Short inventory above 895 or?
D.