SPX with a positive divergence–closed shorts this afternoon; will reassess in the AM…
Watching backtests of moving averages…While I have to admit I am intermediate bearish, when I visualize a formation of a positive divergence I take heed!
SPX
JENKINSLANE SVXY IHS Still in play…We both like to dabble in SVXY/UVXY; I find his work very interesting and reliable…
SVXY
UVXY 60 finds resistance yet again with the “layer” trend line; closed one penny above the 13 EMA.
Sandwiched between the overhead resistance and 13 EMA–tough call here…
uvxy
GDX gets PLENTY of coverage here…gap fill with a positive divergence–I wait for direction…
Need some more indicator confirmation!
gdx