31 Jan 2013

The stochastics for the CPCE continued its move down and has not turned up.  In the meantime the SPX 60min chart looks to want to bottom as soon as it can.

There is another chart that comes reliable at times where trends just keep pushing higher while momentum weakens.  So far this chart has been forming the longest out of the previous divergences.  So this will be a good opportunity for profiting on the short side or just stay out altogether until the dust clears.