The SPX, DJI, and IXIC indices have been forming consolidation patterns after the market-wide rally in early November.
Each chart is displaying bullish hidden divergence and an oversold stochastic RSI on the 4h.
Expect more upside until the upper lines of resistance are met, at which point the indices will either reverse or resolve upwards.
Each chart is displaying bullish hidden divergence and an oversold stochastic RSI on the 4h.
Expect more upside until the upper lines of resistance are met, at which point the indices will either reverse or resolve upwards.