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Do Negative Divergences Matter 5/18/21

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To break out or not to break out. That is the question, 30 minute bars are close on the ES.  

tvc_46ec7024700ca70147cc1ff05dc7053a.png

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Well there ya go. That's clear and convincing. A negative divergence that worked out. 

tvc_e0d991159ecc680be1f26e19a0431466.png

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17 minutes ago, DrStool said:

Well there ya go. That's clear and convincing. A negative divergence that worked out. 

tvc_e0d991159ecc680be1f26e19a0431466.png

And the market taunts. 

As I knew it would. 

This is a fundamental law of nature. If you taunt the market, it will remind you who is boss. 

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They made a new low by a hair on the downdraft. If they roll over here again, we could see progress on the downside to around 4120 ES.

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If the market doesn't rally hard in the rest of April, the implication would be that the downturn will come earlier and harder. My analysis makes me think it's too soon, but what I think doesn't matter. The technicals will rule. 

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3 minutes ago, DrStool said:

If the market doesn't rally hard in the rest of April, the implication would be that the downturn will come earlier and harder. My analysis makes me think it's too soon, but what I think doesn't matter. The technicals will rule. 

Is it April still in Croatia?

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