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

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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

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Published by bigfry

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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