Since October 2023 the Nasdaq 100 (NDQ) has been much more bullish than the S&P 500 (SPX).
NDQ rallied 25.7% while the SPX rallied 19.5%.
On 01/26/24 something different happened, the SPX made a new high unconfirmed by NDQ. Also note the daily RSI for SPX has a significant bearish divergence and is in the over bought zone!
A decline in the SPX down to at least 4,550 may have begun. NDQ could reach 15,800.
NDQ rallied 25.7% while the SPX rallied 19.5%.
On 01/26/24 something different happened, the SPX made a new high unconfirmed by NDQ. Also note the daily RSI for SPX has a significant bearish divergence and is in the over bought zone!
A decline in the SPX down to at least 4,550 may have begun. NDQ could reach 15,800.
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Related publications
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.