Positive Divergence will happen on a break of SPX 5500

Wednesday’s announcement brought about a rapid about-face in Futures, which have undercut last week’s lows in S&P and NASDAQ Futures following the close on Wednesday. Meanwhile, Equal-weighted S&P is showing positive divergence in trading above January’s lows, and Treasuries and Gold are both extending higher as “safety trades.” Overall, some positive divergence will be present on Equity indices on any break of r...

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