Expanding Volume, Contracting Participation

ppteam

There still is not anything major to report, but I did notice that although we made another price high on expanding volume, UP participation decreased and the CVI topped.

On our SPX chart we can see the breakout move continuing up as well as even higher positive volume than yesterday.



The first divergence is on the participation index chart.  Positive participation contracted despite another up day with higher volume.  You can see more bear participation as well, albeit small.



The CVI which had a nice jump yesterday on the breakout, but today pulled back and topped.  With higher volume today, I found that notable



So despite a day with higher prices and volume, we did see a few negative divergences in the Participation Index and CVI.

I don't believe this is a sign that the sky is falling, but it is interesting to note.  As I've learned in my study of basic technical analysis, after a breakout a pullback to original resistance is expected.  That is what we might see approaching in the short term.

abaqus

PB! PB! & PB!

sooners

回复 1# ppteam


   

happylux

harley

Diffusion

whzdf