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Tuesday 6 January 2009TRIN Indicator - Bearish Divergence Warning Signal
Emini closed up 3 points at 930.50 today and the uptrend continues. Trends always last longer than you expect but we’re starting to see some warning signals.
End of Trend Cycle Pattern (Emini 27 minute)
Trends develop out of "failed" cyclical turning points. The 27 minute Emini chart above shows the break out into trend on 30 December.
Trends typically finish with a final couple of cyclical turns - marked "Pull Back" and "End of Trend" using the Better Sine Wave indicator. We’re approaching a cyclical low which should mark the Pull Back point.
TRIN Indicator Bearish Divergence (Emini daily)
On the TRIN indicator we’ve had a Bearish Divergence warning signal. The Emini is making higher highs, while the Better TRIN is making lower highs. This is also happening while the Better TRIN Oscillator is reaching over-bought levels (+87).
Sometimes these divergence patterns take a few days to work themselves out. The last 2 Bearish Divergence warning signals are also marked on the Emini chart.
Good luck with your Emini trading.
- TRIN Indicator Warning
- TRIN Indicators and Other Oscillators
- TRIN Indicator Divergence
- TRIN Indicator System Takes Profits
- Emini Low Volume Test and TRIN System Update
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