Nasdaq and Dow

21 Jun 2018 ‚óŹ 05:48 AM

The Inter market divergence between the Dow and Nasdaq is as glaring as our own Midcap/Nifty divergence. But this is more right now because the Nasdaq [and Russel] are at new all time highs. And the Dow, S&P, NYSE Comp, are not. Inter market divergences that are this big when established are indicative of long term turning points in the market. So continues to be a warning everyday that the US market like ours is completing a major topping pattern. The Dow was the only US index to close down yesterday and is the only one that broke the blue wedge trendline.

dow 210618

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