I missed the blog last night.Here's an up-dated chart of the Exchange Traded Fund for Australian Shares on the New York Stock Exchange.
The divergences on Indicators are now starting to play out. The stock has broken below its uptrend line.
The short term trend is down. This may still may not be the start of anything big.
For a substantial down trend look for:
- a break by the Force Index below zero
- a break by the MACD Histogram below Zero
- a break by the RSI.9 below its mid-line.
Cheers
Red
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