There were so many bearish divergences building. From Bullish Percent Chart divergences, to equal-weight divergences, and even a housing index divergence. Price action was tightening up in the SPX, while oil was breaking out of a tight consolidation on June 2nd—which is why I kept showing the XLE vs. SPX chart and what it typically signals.
Now, once again, it’s time to make sure we’re prepared for what’s next, while everyone else is getting caught up in what’s happening now.
Figuring Out Money
There were so many bearish divergences building. From Bullish Percent Chart divergences, to equal-weight divergences, and even a housing index divergence. Price action was tightening up in the SPX, while oil was breaking out of a tight consolidation on June 2nd—which is why I kept showing the XLE vs. SPX chart and what it typically signals.
Now, once again, it’s time to make sure we’re prepared for what’s next, while everyone else is getting caught up in what’s happening now.
2 months ago | [YT] | 71