Man stares at NDX chart, sees RSI/MACD divergence
It’s far from the most important news in the world, even financial market news. Indeed, NDX has a case for an eventual move lower that we are watching. But this case right here argues something more short-term positive. However, as yet NDX has not even taken back even the shortest-term uptrend at the EMA 20. The divergence would argue that it may think about a test of the BEAR CROSSED* SMA 50 & 200.
* You of course know that men who stare at charts will see that and broadcast the bearish news, which usually results in a strong bounce in the bullish direction before any potential failure per the ‘cross’ signal.
For “best of breed” top down analysis of all major markets, subscribe to NFTRH Premium, which includes an in-depth weekly market report, detailed market updates and NFTRH+ dynamic updates and chart/trade setup ideas. Subscribe by PayPal or credit card using a button on the right sidebar (if using a mobile device you may need to scroll down) or see other options. Keep up to date with actionable public content at NFTRH.com by using the email form on the right sidebar. Follow via Twitter @NFTRHgt.