DD ahead of earnings tomorrow. As the year started, the green lines show that price wanted to see another matching or higher high, and price has come back up to satisfy the indicators. The blue lines show negative divergence across the board now. Even if price moves further up due to earnings in the morning, the negative divergence should stay in place and DD's fate is sealed. This is a chart that is rolling over. Note the lower volume participation in recent weeks as well.
Chemicals are key to a global recovery since the resins, paints and plastics are the building blocks of all products, thus, with DD now rolling over, the global recovery would be suspect. 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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