You can see the triple divergence in an oscillator accompanied by a false breakout to a new low that immediately reversed. I went long right when I saw that and exited pretty quickly. The exit was a judgement call just based on this moving up very quickly in the midst of a big down day. I reasoned we were going back down at least for another test of the low and I had good money in the trade pretty fast. You can see although I did get out a smidge early, ultimately we went way down again, so my logic was sound. Mission accomplished, onward. I do not do much day trading, I did this just for kicks in all honesty. I did not have many contracts so it was really just to entertain myself.
Let's hope we get a similar daily look to this during this decline. Also, for any readers who may have thought I was nuts talking about a Euro bounce, glance at that chart. I picked the exact low so far. I am not long there, but am hoping for a buy pattern to show up down here. The short squeeze in this sucker could be one for the ages.