10% to 14% Rally predicted .... Divergence is King

    All Channels      Market Reviews  

Derek  31 Oct 2018

Good Morning,

International:
I see divergence confirmations everywhere and a stock strategist predicts a 10% to 14% rally. It was the good results of quite a few companies that started the rally. All markets are moving in the same direction positively.

The S&P 500 made an engulfing bull candle. FrontRunner confirmed the divergence with the break of the average. I marked the divergence on the chart.



Johnson Johnson created a flag the past week and broke it now.



Yesterday I mentioned that software companies will follow Redhat. Akamai Technologies was the first to do so with a +16.9% break. Notice the double bottom with divergence!



JSE Technical:
The Financial sector on the JSE started its rally a few days before the US and is well on its way.



AVI also broke its trend line with strong divergence in place.



Divergence:
Divergence is the strongest signal to show tops or bottoms of a market. It can be used with any technical signal, but I have found it much more accurate when used with FrontRunner.
You can click on the blue words in the market reviews to get a youtube video explaining some of the terms.

Enjoy your day.
Download TradeFX™
 

Copyright © 2017 {Zoclee}™. All rights reserved.