ES shows divergencies on multiple timeframe charts, so far. Difficult thing about trading divergencies is that its not easy to tell just when it completes the pattern, as the price and indicator can continue to diverge for quite a while. It is also possible for the divergence pattern not make the big move, but make small move, then consolidate to negate it, going opposite direction. But, I am not too bullish from this setup on the charts. Usually when there is divergence on longer term chart, very obvious divergence on shorter term chart is where it breaks. If this works out, has potential to make pretty big move.
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