Correct. Thanks for clarifying. I saw your reply after I just posted a similar reply.

Neither that DL 1 or DL 2 are divergent lows. To have a divergent low (positive divergence) you need to have prices making a lower low (or at the very least, an equal low) with the indicators making higher lows at the same points. Both of those 2nd reaction lows on the example you posted above were higher lows.

Do you mean on SPY? There was the potential for an Island Top with Friday’s gap up & even with today’s gap down but with SPY rallying since the open & almost backfilling the gap so far, we don’t have the ideal confirming signal (a solid gap down & subsequent move lower to put in the “Island” candlestick).

Exactly. That’s why there isn’t a vaccine for SARS-1 after 20-years… it became a non-issue & hence, the incentive ($$) for companies to develop a vaccine dried up. Coronavirus (officially known as SARS-CoV-2) is much more stealthy/contagious & widespread that SARS-1 & unlikely to go away anytime soon.

SPY is probably down, in part, due to crude. When the energy sector is plunging, it’s sort of a wake up call. So goes energy, so goes the overall economy.

Ja. Two weeks ago, the weather was crap. Dang! A ride two weeks ago, would have made me a good chunk of money. i always make good money, soon after a ride.

Hmmm, too bad you didn’t take that 400 mile ride a week ago! ??? … keep that helmet on tomorrow just in case the crash starts tomorrow??

It may happen sooner then you think! Better then 50% of the people laid off are making more then when they worked! Most will be slow to return thus the numbers will start lagging below expectations … a sure sign this Bull bounce ends!