Monday, February 4, 2013

FTSE Neg divergence on DAILY

After a strong run seems the "pause" may have begun last week.  On the daily chart it looks like some negative divergence between price and RSI.  If we get a new high, with no corresponding high in RSI, will look for shorts but bearing in mind the trend is still up and the fall should just be a correction of the move up.

Min correction 6280
deeper correction could target 6170

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