..not looking good. Tonight could be pivotal. After hitting new...

  1. 1ronnie
    22,583 Posts.
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    18/07/24
    14:41
    Post #: 74813496
    ..not looking good. Tonight could be pivotal.

    After hitting new record highs last week the NASDAQ index just fell below its tight uptrend channel off the April lows.

    RSI failed to confirm the latest highs which is an ongoing concern regarding the resilient 2024 rally.

    It's not a major sell signal (yet)

    https://x.com/kurtsaltrichter/status/1813650133277446365
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    lightbulb Created with Sketch.  Great analysis
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