This chart shows clearly the new high made on unemployment news was done showing negative divergence on 1 hour chart. 1600 tick chart on the left shows closer view to confirm the negative divergence right before the move. Sure enough, it fell hard to the 61.8% retracement level of the big rally 2 days ago. What is interesting is that before the news it has been setting up for 2 days, kind of makes you wonder, was it the news that really suddenly moved the market?
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