$DJI $NDX $SPX $RUT Long & Short term views

2023年7月10日

Bringing indices up again, Let's look at the SHORT TERM first.
(Unfortunately can only show 1 chart, see profile for more info)

DJI longer term still showing an ascending triangle, current pattern is sideways channel, there's some negative divergence.

NDX maintains the uptrend, HOWEVER - we're seeing SEVERE negative divergence.

SPX also in current sideways channel, and also showing SEVERE negative divergence.

RUT completes the bunch with a sideways channel and some neg divergence.
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Longer term #indices are interesting. Using weekly.

DJI showing slight negative divergence, needs to break out FAST

NDX Extremely overbought, last 3 times; 2 corrections, 1 major drop.

SPX Nothing out of the ordinary, lil overbought, see #NDX notes.

RUT Severe underperformer and it looks like it wants to catch up to the others.

#stocks