#NASDAQ NQ100 showing plenty of divergence
The weekly chart of the Nasdaq 100 is representing classical bearish divergence (Higher highs in price not being confirmed by lower highs in the RSI indicator). This is telling me that momentum is slowing and we could expect a rapid decline in price at any moment. As this is a weekly chart, it can take some time but this is just a warning and I would strongly advise against chasing the Tech stocks while the divergence situation is evidently president.
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