AMUSEMENT
Just as I heard Melissa Lee on CNBC tell me how the markets are selling off because crude is going higher I decided I would check out the negative correlation between crude and the SPX. I don't think I need to add much commentary to that picture (1,000 words)?
By the way, the SPY pivot point hit at 128.3 and the futures have climbed 4 points since. And is that a negative divergence I see on crude? Yes.
posted by DAVID at
12:29 PM
3 Comments:
Yes I agree 100% Bloomberg all facts all the time- I bet the New Fox Business Channel will eat CNBC's lunch- they will figure out what traders want- CNBC basically useless for traders- unless you want to count Cramer (lol)
Super color scheme, I like it! Good job. Go on.
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I say briefly: Best! Useful information. Good job guys.
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