Many traders and investors have been looking for an explanation of why stocks have been so choppy and indecisive in recent weeks. While one could easily point to a raft of geopolitical factors driving the stock and ETF trading price action, which may indeed have a substantial bearing on the overall market environment, we once again find technical analysis provides us with a suitable explanation. In recent weeks, one very interesting thing we have seen is the bearish divergence between the prices of the main stock market indexes versus their corresponding relative strength (RS) lines…[read more]
The excerpt above is from an article that Deron Wagner, founder of MTG, just published on Equities.com.
