7/14/2019 Stocks reach new highs, no change from bearish forecast.

Category1 1 Minute

Hi everyone, despite stocks reaching new all-time highs, the weekly bearish divergences are still in place so I think we move lower in the coming weeks. Below is a weekly chart of QQQ – notice how the RSI is well below 70 (previous RSI high) while the index has made a new high.

QQQ Weekly 7_14_2019.JPG

Published by bigfry

Hi, I’m Nathan. I majored in Finance and minored in Piano Performance at Boston University (graduated in 2020). Outside of trading/investing, I enjoy teaching and playing piano, teaching and playing Go, fishing, and watching anime. I also started my own Boba company while at BU, and am currently working on a company with my twin brother. I'm currently teaching Go full time, which has been the best job I could ever hope for.

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