SPY-5min-Example link http://i39.tinypic.com/2lnkbhd.png
When negative/positive divergence play out, when not?
Most time, should I say almost all divergence high and low will be played out, intraday or daily. But as you see when mkt is breaking major resistance (last friday) or major support level, no one cares intra day divergence, this is the human greedy and fear natural, plus manipulation. But I do believe divergence will be played out when time comes.
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