Nasdaq 100 IndexLong
NDX Two-Faced
Bearish or bullish?
The general trend for the market remains bullish.
The RSI is showing bearish divergence.
Indicators win over price action 9 times out of 10.
Look to the left on the RSI indicator.
You can see that the RSI has shown bearish divergence in 2017 and the general trend still remained bullish.
Conclusion: most likely to continue higher for the year
The general trend for the market remains bullish.
The RSI is showing bearish divergence.
Indicators win over price action 9 times out of 10.
Look to the left on the RSI indicator.
You can see that the RSI has shown bearish divergence in 2017 and the general trend still remained bullish.
Conclusion: most likely to continue higher for the year
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.