Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 695.17

+0.2%

4:00 PM EST

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To: yard_man who wrote (210387)	4/10/2025 8:44:47 AM
From: GROUND ZERO™	1 Recommendation Recommended By berniel Read Replies (2) of 221638

It probably is a bottom... A pull back only seems reasonable after yesterday's stunning rally... This pull back is signaled ahead of time by the bearish divergence this morning between the futures and the cash market... The SP futures traded overnight above the previous day's high and is now trading below that level... So, if the cash SPX opens below yesterday's high we will have a bearish divergence for today... These divergent patterns are extremely highly reliable for that day, it's only a near term pattern... However, if you see this divergent pattern on a weekly or a monthly chart, then expect a longer term reaction to that pattern... Just sayin'... GZ

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