Stock Indices

I have always found a weekly divergence between price and the Chaikin Osc (a volume oscillator) to be worth following. The SP, Naz 100, and the R2K are all showing this divergence.

Once my daily MACD turns negative, it may be worth pursuing. Also, notice in the SP500, the plunger day (a 10 day high with a close below the middle of the daily range) today, and the OB condition exemplified by momentum oscillators as well as a count of closes above the previous days high.

Remember that this has been about month end (which still has a day to go), however, the NFP number looms for next Friday.

We are also diverging on the McClellan Osc on the dailies. That usually doesn't work out so well.