Divergence occurred before the broader market declined. Currently, it has broken below the trendline and is likely to resume the downtrend after a pullback. The medium-term top has not yet formed—following the decline, the market is highly probable to find support and may continue to hit new highs this month.
Trade active
The rally failed to break above the previous high, followed by a downward breakdown, and it hasn’t reached the prior low (yesterday’s low) so far.Trade closed: target reached
It is difficult to go short as the upward momentum remains intact. Large-cap stocks still have upward momentum, yet a pullback is highly possible, which may occur on Wednesday.Note
I didn't mean to "trade closed:target teached". Wrong "update ideas". I still think there's pullback this week. 
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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.