MSFT: Testing Multi-Year Bearish DivergenceNASDAQ:MSFT is currently testing a multi-year bearish divergence that has built-up on the RSI.
If price continues to decline from here, a failure to break above the RSI resistance will be confirmed. NASDAQ:MSFT is unlikely to make any meaningful momentum upwards until this resistance is broken.
We see similar divergences on other major tickers:
NASDAQ:AAPL :
NASDAQ:AMZN :
Could this be a warning sign for the broader markets as they near ATHs?