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DJIA diverges from the Nasdaq

3 Jul 2020 ‚óŹ 07:18 AM

A prolonged divergence between the Nasdaq  and other US indices has developed where the higher highs during the last month in the tech index were not confirmed by the Dow Jones or Russel or the Transports. This can be a set up for near term set backs if any, and unexpectedly. Unless the other indices catch up there is risk that the they all pull back again to the lower end of the trading ranges at least as seen by drawing a trendline of the recent lows.

DJI 030720

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