S&P 500 Negative Divergence Warns of Selling Pressure

On the S&P 500 weekly chart, the Twiggs Money Flow is warning of continued selling pressure.

The negative diverge suggests an increase in selling pressure.

I wouldn’t get too alarmed about the S&P 500 weekly chart and the negative divergence on the Twiggs Money Flow because transports are still holding up nicely.

Transports bellwether stock FedEx looks very strong after doing a breakout above the $200 resistance level.

Author: Lance Jepsen

For ethical purposes, I try not to hold any position in any stock I profile on GuerillaStockTrading.com unless specifically stated in the article. Owner of GuerillaStockTrading.com. Seasoned entrepreneur, investor, and writer. I love God, family, country, stock trading, economics, and helping people learn how to trade.

Sofi AI Market Sentiment Gauge

Sofi AI Market Sentiment Gauge

Market is extremely oversold. Good time to take long positions.