Good to bad for market?

    $NYMO recently made a lower

    Posted by timebandit on 5th of Sep 2022 at 08:47 pm

    $NYMO recently made a lower low while CCI looks like it will make a higher low. Tends to indicate $NYMO is due for a healthy bounce. Granted, this positive divergence could be negated if $NYMO heads much lower and CCI heads lower with it. But that would probably require a market crash scenario to occur, as $NYMO is already way oversold. Not saying a crash can't happen as they generally occur in way oversold conditions. But it's  less likely.

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