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Monday, August 13, 2012

$SPY vs $NYAD: 15 min chart showing bearish divergenge.


SPY chart


NYAD chart

$NYAD is the NYSE advance-decline issues, that means if index is above 0, more equitys are been buy than sell.This is bullish and viceversa, is bearish. In our case, on the last days, price has been raising but each day, more equitys has been sell than bought.

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