Sentiment Compressing For S&P 500 Index

President of Downside Hedge • Jul 10, 2014 at 2:40 AM EDT

Sentiment from both Twitter and StockTwits for the S&P 500 index is currently painting a negative divergence from price and at the same time staying above a confirming uptrend line.

Sentiment (soon to be renamed momentum) from both Twitter and StockTwits for the S&P 500 index is currently painting a negative divergence from price and at the same time staying above a confirming uptrend line. A break from the resulting triangle should point the next short term direction for the market.