Weekly Indicators Bottoming?
04/08/2009 1:59 pm EST
The weekly RSI on the S&P 500 formed a bullish divergence at the March lows and a move through the long-term downtrend in the RSI will confirm an intermediate-term bottom. The Fibonacci fan line is currently at 950. This chart will be discussed in more detail in this week's Trading Lessons e-letter. Click here to sign up—it's free!