Salient to Investors:
Equities may rebound: 5-month low in S&P 500 last week is similar to its 2011 low, as the 14-day relative strength index again stayed above lows.
BTIG said divergence of market lows and RSI is bullish for the next six weeks.
Auerbach Grayson said the false breakdown below the 200-day moving average RSI divergence are bullish
Read the full article at http://www.bloomberg.com/news/2012-06-07/s-p-500-s-trading-pattern-echoes-2011-bottom-technical-analysis.html
Leave a Reply
You must be logged in to post a comment.