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

Shock Unfavourable Divergence on Nasdaq Advance-Decline Line | DecisionPoint


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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.


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Useful DecisionPoint Hyperlinks:

Development Fashions

Value Momentum Oscillator (PMO)

On Steadiness Quantity

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

ITBM and ITVM

SCTR Rating

Bear Market Guidelines


Erin Swenlin

Concerning the writer:
Erin Swenlin is a co-founder of the DecisionPoint.com 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 StockCharts.com. 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.

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