Monday, April 22, 2024
HomeStockShock Unfavourable Divergence on Nasdaq Advance-Decline Line | DecisionPoint

Shock Unfavourable Divergence on Nasdaq Advance-Decline Line | DecisionPoint

DecisionPoint Alert Logo

We had been perusing the Advance-Decline Line charts that we have now and seen one thing that shocked us. The Nasdaq Advance-Decline Line is trending decrease whereas costs proceed greater. That is unfavorable divergence we did not count on to see.

What makes that unfavorable divergence much more attention-grabbing is trying on the identical Advance-Decline Traces for the SPX and NYSE. Discover there isn’t any unfavorable divergence in any respect, if something we see confirmations of the rallies each are experiencing.

Conclusion: We’ve not seen any points with the Nasdaq rally, however this unfavorable divergence may very well be signaling that the Nasdaq would be the first to point out value weak point.

Study extra about

Watch the newest episode of the DecisionPointBuying and selling Room on DP’s YouTube channel right here!

Attempt us out for 2 weeks with a trial subscription!

Use coupon code: DPTRIAL2 at checkout!

Technical Evaluation is a windsock, not a crystal ball. –Carl Swenlin

(c) Copyright 2024

Disclaimer: This weblog is for academic functions solely and shouldn’t be construed as monetary recommendation. The concepts and methods ought to by no means be used with out first assessing your personal private and monetary scenario, or with out consulting a monetary skilled. Any opinions expressed herein are solely these of the writer, and don’t in any method symbolize the views or opinions of another particular person or entity.

DecisionPoint isn’t a registered funding advisor. Funding and buying and selling selections are solely your duty. DecisionPoint newsletters, blogs or web site supplies ought to NOT be interpreted as a suggestion or solicitation to purchase or promote any safety or to take any particular motion.

Useful DecisionPoint Hyperlinks:

Development Fashions

Value Momentum Oscillator (PMO)

On Steadiness Quantity

Swenlin Buying and selling Oscillators (STO-B and STO-V)


SCTR Rating

Bear Market Guidelines

Erin Swenlin

Concerning the writer:
Erin Swenlin is a co-founder of the web site alongside along with her father, Carl Swenlin. She launched the DecisionPoint day by day weblog in 2009 alongside Carl and now serves as a consulting technical analyst and weblog contributor at Erin is an energetic Member of the CMT Affiliation. She holds a Grasp’s diploma in Data Useful resource Administration from the Air Pressure Institute of Know-how in addition to a Bachelor’s diploma in Arithmetic from the College of Southern California.

Study Extra



Please enter your comment!
Please enter your name here

Most Popular

Recent Comments