NASDAQ - Be Aware of Raging Bears
An impressive bull rally in the NASDAQ, isn't it?
However, the extreme hidden bearish divergences in the OBV are striking. It is rare to see such an extreme divergence and all buyers should be warned.
The NASDAQ is currently reaching the first significant resistance level. It will be interesting to see how the market will behave at this level.
The divergences mentioned can also be found in the lower timeframes, in some cases as regular bearish divergences, meaning that there is multiple signal confirmation.
However, the extreme hidden bearish divergences in the OBV are striking. It is rare to see such an extreme divergence and all buyers should be warned.
The NASDAQ is currently reaching the first significant resistance level. It will be interesting to see how the market will behave at this level.
The divergences mentioned can also be found in the lower timeframes, in some cases as regular bearish divergences, meaning that there is multiple signal confirmation.
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