NASDAQ is rising on hopes and dreams, FED are pumping money into it left right and center, and it has reached a new high. There is a considerable amount of divergence on EVERY time frame and yet price has barely gone down.
Dow Jones is approaching its previous highest high where it took a tumble
SP500 is also doing the same as DOW
And now OIL is reaching a point in the market where it previously crashed
I suspect Nasdaq will flutter around and consolidate until DJ30 / US500 and Crude OIL catch up and then everything will crumble at the same time.
I may be wrong but these are my thoughts on this madness