Since 04/25/23 the Nasdaq Composite (IXIC) has been leading the way up.
Its gain from 04/25/23 to 07/19/23 was 22%.
The S&P 500 gain over that time was 12%.
The Dow Jones Industrial Average 5%.
Now IXIC is leading the way down. Note on the 07/19/23 peak the bearish divergence on both MACD and RSI. MACD also has a bearish lines cross, while RSI has moved below its moving average line.
IXIC could reach the 04/25/23 bottom in a few weeks.
Its gain from 04/25/23 to 07/19/23 was 22%.
The S&P 500 gain over that time was 12%.
The Dow Jones Industrial Average 5%.
Now IXIC is leading the way down. Note on the 07/19/23 peak the bearish divergence on both MACD and RSI. MACD also has a bearish lines cross, while RSI has moved below its moving average line.
IXIC could reach the 04/25/23 bottom in a few weeks.