SSRI Hourly Chart
Looks like a pretty good setup for a short sale. Sell $18.50, buy back $18.00. We need to wait and see if the divergence is confirmed.
Potential negative divergence and gap spell trouble ahead of this stock's price action.
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SIL 15 min Chart
Finally a negative divergence to pop balloon #4. Notice each day's opening gap was filled. Today's opening gap should be no different. So, it looks like we could have a few more shares go out just below $14.75 (I hope mine, included).
This is a great ETF. I will rebuy it lower if my plan works.
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