I can remember W3Hunter talking about the RSI oscillator...

I can remember W3Hunter talking about the RSI oscillator divergences that were occurring back when 4DS was trading at its highs back in late August.  I noticed the same sort of negative divergence occurring between the SP and my WaveTrend Momentum oscillator, see arrows on the daily chart shown below.  I made a note to watch for this sort of warning signal on the SP’s next speculative run when it occurs.  I have just noticed a more significant positive divergence of the WaveTrend indicator in the recent price action, with the oscillator also moving up from a heavily oversold level over the past week or so.  This divergence signal picked the top quite accurately so why wouldn’t it signal the bottom as well.  If this momentum continues to rise we could see the SP moving back to the 6.5c level in the short term.

  
All IMO. Good luck everyone.