The DJI & NASDAQ : A Drive into the Deep
United States of America, the number one economy of the earth, leading by Mr. Donald Trump is showing divergence with respect to RSI. The divergence is started date back to 1997-99 in both the indices DJI and Nasdaq.
DJI formed a Rising wedge and Nasdaq formed rising channel with negative divergence in RSI.
In context to RSI , price of the indices wildly rose up to the current overbought level.
Any global or internal negative news or happening can drag the levels down.
A big Caution comes out for both of the indices.
A sign of break out in Shanghai Composite and Over bought condition in US major indices indicating caution for the globe.
What outcome will come out if we mix Indian indices in the context ?
We will go for that obviously.




Is matured accuracy coming out or NOT ? Let me know friends. Love to all.
ReplyDelete