The last time we had a negative divergence like this, I wrote about it in a post about the Dollar, and it got crushed. In the above, you see during this whole rise, the divergence in volume (which is basically what a MACD is.) We are still in the channel, but I thought it had broken on the 4 hour, as I showed the other day.
Oddly enough, in the next post, Kathy Lien makes a great case for a bearish Dollar, which is good for equities...
Strange days indeed.
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