S&P Correction
S&P is headed for a retracement/correction , divergence is confirmed on DJ industrial average.
This is in no way confirmation of end of bull run , it can be used for buying at more reasonable prices, once price consolidates at higher low, and continues back in overall bull trend after collecting liquidity.
Off course - whole scenario changes if while waiting for confirmation of a higher low, we see a lower low, it would be setup for a short at lower high then.
This is in no way confirmation of end of bull run , it can be used for buying at more reasonable prices, once price consolidates at higher low, and continues back in overall bull trend after collecting liquidity.
Off course - whole scenario changes if while waiting for confirmation of a higher low, we see a lower low, it would be setup for a short at lower high then.
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