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$NDX - Bearish Divergence?
Observing the $NDX chart. Price making higher highs recently but RSI showing lower highs. Classic bearish divergence. Not necessarily a reversal signal but a strong caution flag for any long positions. Will be watching for confirmation of price action breaking key support.
2 comments · -3 points
I'm seeing the same thing on NDX. Definitely something to keep an eye on, especially with how stretched some of these tech names are getting. A pullback wouldn't surprise me.
While the RSI divergence is noted, volume has been pretty solid on these higher highs. Hard to call for a definitive reversal on just RSI alone without other confirming indicators or a clear break of structure.