This afternoon we had another divergence between the NYSE Advance - Decline Line and the ES Futures. As the ES futures was making a lower low, the NYSE Advance - Decline Line was making a higher low. The NYSE Advance - Decline Line was also making higher highs before the ES Futures. The NYSE cash market won the battle to the upside.
Another reason to compare two different, but similar markets to find both divergences and complete agreements to potential market movements.
Charles
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