Tuesday 20 September 2011

NASDAQ diverging from other indices

I've not really been checking my indicators of late since I can't trade right now but thought I'd I'd post this, a sell signal on the NASDAQ that triggered on the close yesterday;

DBDT sell signal E-Mini NASDAQ - 1 year chart



E-Mini NASDAQ - 1 year chart;




This is NYSE composite with Dow Jones Transporation Index and SPX;

Divergence between the NASDAQ and these the indices.



And divergence between the E-Mini NASDAQ and AUD/JPY, EUR/USD and AUD/USD - 6 week chart;

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