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$DJI $NDX $SPX $RUT Long & Short term views
Dow Jones Industrial Average Index
$DJI $NDX $SPX $RUT Long & Short term views
By ROYAL_OAK_INC
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Jul 10, 2023
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Jul 10, 2023
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.
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ROYAL_OAK_INC
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