(click on the chart to enlarge)
Similarly for the Nasdaq 100, as it put in a new corrective low, the A/D and high-low show a slight positive divergence.
Wednesday, August 13, 2014
Was That It?
Was August 7, 2014 the day the SP500 put in an intermediate low for the recent market pullback (some call it a correction). Take a look at the following chart with couple market breadth indicators on it. The advance/decline and the new-high/new-low show a slight positive divergence as the SP500 made a new low on 8/7/2014.
(click on the chart to enlarge)
Similarly for the Nasdaq 100, as it put in a new corrective low, the A/D and high-low show a slight positive divergence.
(click on the chart to enlarge)
Similarly for the Nasdaq 100, as it put in a new corrective low, the A/D and high-low show a slight positive divergence.
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