rutt

XAO - Bearish Divergence leading into 2021 !!

ASX:XAO   ALL ORDINARIES
The overall market has been extremely bullish in the later part of 2020, however, MACD bearish divergence is starting to present.

I'm thinking that this suggests that the trend may slow leading into 2021 or a bearish move is on the cards at some point. Will watch closely.

A similar divergence persisted in 2019 and into early 2020 which resulted in the bearish cv February 2020 pullback. Check related ideas below to compare.
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