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S&P 500 Negative Divergence Warns of Selling Pressure

Posted by on June 18, 2017 9:39 AM
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Categories: US Economy

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.

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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.
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