Here is exhibit B for the Bearish case. The DJ Utilities are another leading indicator that I follow. Note the Bearish divergence. It may not happen immediately, but we are getting overextended, and the warning signs of a correction are there.
Sunday, February 19, 2012
SPX and DJ Utilities Bearish Divergence February 19 2012
Here is exhibit B for the Bearish case. The DJ Utilities are another leading indicator that I follow. Note the Bearish divergence. It may not happen immediately, but we are getting overextended, and the warning signs of a correction are there.
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