Most indexes continue to rise, and I think we will go up next week as well. Something to watch out for is the weekly RSI divergences which hints that we are at a medium term high (weekly chart means more medium term). Logically, we have gone up a lot since December of 2018, and are due for a correction. However, markets don’t always move logically, otherwise we’d all be rich.
I think we drift higher in the short term (a week or two), but I think we will close lower 8 weeks from now (end of June).
Below is a chart of the QQQ with the weekly divergence highlighted.
Hi, I’m Nathan. I’m currently a Junior at Boston University majoring in Finance and minoring in Piano Performance. I’ve always found the financial markets fascinating so I decided to start this blog to share my experiences with you. Outside of school and trading stocks, I enjoy teaching and playing piano, fishing, watching anime, and teaching/playing "Go," an ancient Chinese strategic board game.
This blog will be dedicated to sharing my trading experience, what I learned from the books I’ve read, and commentary on the major indexes and other stocks.
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