Bringing indices up again, Let's look at the SHORT TERM first.
(Unfortunately can only show 1 chart, see profile for more info)
DJI longer term still showing an ascending triangle, current pattern is sideways channel, there's some negative divergence.
NDX maintains the uptrend, HOWEVER - we're seeing SEVERE negative divergence.
SPX also in current sideways channel, and also showing SEVERE negative divergence.
RUT completes the bunch with a sideways channel and some neg divergence.
----------------------------------------------------
Longer term #indices are interesting. Using weekly.
DJI showing slight negative divergence, needs to break out FAST
NDX Extremely overbought, last 3 times; 2 corrections, 1 major drop.
SPX Nothing out of the ordinary, lil overbought, see #NDX notes.
RUT Severe underperformer and it looks like it wants to catch up to the others.
#stocks
(Unfortunately can only show 1 chart, see profile for more info)
----------------------------------------------------
Longer term #indices are interesting. Using weekly.
#stocks
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.