recently took a hold off at the significance of divergences with sectors; an earlier post chronicled a longer-term departure inward the novel high/low data. Early today, nosotros saw a similar sector departure play out: every bit the ES futures made novel highs for the regular trading solar daytime (top chart), nosotros remained inward a corporation downtrend with banking issues (middle chart) as well as could non brand novel highs inward the housing sector (bottom chart). The highs roughly 12:00 Noon CT also were non matched past times the unloosen energy as well as consumer staples sectors. Sure enough, nosotros retraced the day's make inward ES as well as and thus broke through the lower terminate of the range, every bit fiscal as well as housing shares led the manner down.
The proficient trader, similar the proficient quarterback, has vision for the entire playing field.
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