The divergence on the
Nasdaq 100is a
red flag. While the index is hovering near
26,500(well
above its
24,650200-day
moving average), the internal breadth is strikingly weak:
Only about
50%of NDX
constituents are currently trading above their own 200-day moving
average.
There is MACD and RSI divergence on
the 60 minute and 120 min QQQ and SPY charts.
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Seems like a blowoff top. The
SOX--approaching longest streak in history (-cnbc)
Posted by EdZ on 22nd of Apr 2026 at 01:05 pm
Seems like a blowoff top.
The divergence on the Nasdaq 100is a red flag. While the index is hovering near 26,500(well above its 24,650200-day moving average), the internal breadth is strikingly weak:
Only about 50%of NDX constituents are currently trading above their own 200-day moving average.
There is MACD and RSI divergence on the 60 minute and 120 min QQQ and SPY charts.