Sunday, February 13, 2011

RTH Retail Weekly Negative Divergence and S/R

RTH retail weekly chart; the broken record again, overbot, negative divergence. 105.8 level is of importance, if that level fails, it should weaken the broad markets. Other support levels shown are 105 and 102 which represent the candle with higher volume than the two recent selling candles. A test of these levels would be in order. 105.8 is the support level to watch early this week to see if any failure occurs. RTH now sits just shy of 109. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.

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