Tech stocks are trying to bounce here, but both the 20DMF and the CTick shows a negative divergence to SPY.
For now, the market does not collapse because of hope that the Nasdaq is oversold and will bounce from here.
Pascal
The longer term NQ view does not show much buying. It is just a technical bounce for now.
Always a lot of good information.
Always to the point.
Other sites would take 5 paragraphs to express the same information.
Regards,
Ralph
Thank you Ralph!
Not always easy to put instantaneous data in the broader context of the general market and central banks interventions.
Pascal
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