Posted by focus175 on 16th of Apr 2022 at 05:45 pm
I saw someone on twitter point out this new highs new lows is
showing a positive divergence to the Nasdaq in the short term. I
was trying to understand this chart and if that actually is true as
this is the $NAHGHDJ on Stockcharts aka the Nasdaq - New 52-Week
Highs - Dow Jones (EOD). I'm not sure if this divergence actually
means there's a positive divergence for the market or not as it's
comparing the Nasdaq against the Dow right? Is that
interpretation correction? One could argue you had the same
divergence in February/March before the market bounced.
Posted by timebandit on 16th of Apr 2022 at 07:47 pm
Some other positive divergences exist on the McClellan
Oscillators and the MACD of high yield bonds. Also note that the
Bollinger bands on
$NAHGHis as tight as it has been in awhile. Note: in the past when
these bands tighten, down moves in $COMPQ happen about as often as
up moves. But a move appears to be imminent.
I saw someone on twitter
Posted by focus175 on 16th of Apr 2022 at 05:45 pm
I saw someone on twitter point out this new highs new lows is showing a positive divergence to the Nasdaq in the short term. I was trying to understand this chart and if that actually is true as this is the $NAHGHDJ on Stockcharts aka the Nasdaq - New 52-Week Highs - Dow Jones (EOD). I'm not sure if this divergence actually means there's a positive divergence for the market or not as it's comparing the Nasdaq against the Dow right? Is that interpretation correction? One could argue you had the same divergence in February/March before the market bounced.
Some other positive divergences exist
Posted by timebandit on 16th of Apr 2022 at 07:47 pm
Some other positive divergences exist on the McClellan Oscillators and the MACD of high yield bonds. Also note that the Bollinger bands on $NAHGH is as tight as it has been in awhile. Note: in the past when these bands tighten, down moves in $COMPQ happen about as often as up moves. But a move appears to be imminent.
Shoot, meant to say some
Posted by timebandit on 17th of Apr 2022 at 07:10 am
Shoot, meant to say some potential positive divergences exist on those charts. They are not confirmed but have my attention.