I noticed this last night and should have exited my longs and got caught today in the downdraft. These divergences in the $NYMO and the TRIX could be signaling lower prices for the averages in the coming days/weeks. It would make sense for the markets to digest some of March’s gains and decline or possibly move sideways for awhile. The number of bullish results on my scans dipped significantly as well, indicating a lack of bullish momentum setups.
Added some DXD today as a test position and will see how that trades before getting more short.
