Nasdaq 100 positive divergence

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.

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