The alert was on time

I hope you the readers are paying attention to what technical analysis has to say.
It isn't perfect and far away from it. But there are some spots , it can give you some edge.

Combined with money management , it can be a reasonable system to use.

In the last post : " Bearish divergences are spotted at 60 min charts on almost all leading indices.This doesn't mean the market will drop tomorrow.........Usually it takes for the market to digest this divergences.........The long the digestion occurs , the reversal will be sharper.......Not to forget , on the 11Th , fed rate cut of 0.5% can cause this analysis to be irrelevant........ "



Looks like the analysis was perfectly right. The digestion took several days. The rate cut wasn't 0.5% and the market sold off sharply.

The weakness was there and it only waited for the trigger of rate cut which was "only" 0.25%.

Bearish Divergence here

Bearish divergences are spotted at 60 min charts on almost all leading indices.

This doesn't mean the market will drop tomorrow but it a thing we must take in account.
The uptrend is still intact and those of you who are investors , I wouldn't be too worry.

Usually it takes for the market to digest this divergences.
The long the digestion occurs , the reversal will be sharper.

Not to forget , on the 11Th , fed rate cut of 0.5% can cause this analysis to be irrelevant.

Exit long - 66 points profit

Going out . Taking profit out of the table. 66 points profit.

Good trading