the Momentum ETF (MTUM) is showing signs of a potential top (at east an interim top for a 10% sized correction if not larger).
Momentum is waning, RSI is diverging, wave patterns can count as complete and the market in general is looking stretched at least short term.
Watch the main component stocks like JPM WMT NVDA ORCL for clues.
Momentum is waning, RSI is diverging, wave patterns can count as complete and the market in general is looking stretched at least short term.
Watch the main component stocks like JPM WMT NVDA ORCL for clues.
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Disclaimer
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.