Since October 2023 the Nasdaq 100 (NDQ) has been much more bullish than the S&P 500 (SPX).
NDQ rallied 25.7% while the SPX rallied 19.5%.
On 01/26/24 something different happened, the SPX made a new high unconfirmed by NDQ. Also note the daily RSI for SPX has a significant bearish divergence and is in the over bought zone!
A decline in the SPX down to at least 4,550 may have begun. NDQ could reach 15,800.
NDQ rallied 25.7% while the SPX rallied 19.5%.
On 01/26/24 something different happened, the SPX made a new high unconfirmed by NDQ. Also note the daily RSI for SPX has a significant bearish divergence and is in the over bought zone!
A decline in the SPX down to at least 4,550 may have begun. NDQ could reach 15,800.
