Divergences - Nasdaq Futures

25 juin 2020

So this daily chart shows that divergences have only happened three times in 20 years, one of the those was February 19th - yes at the top of all time highs.

I have been watching this carefully as the /NQ keeps pushing higher. This tool was right the other two times.

On a candle chart it returns 10 divergences of a max of 11. There is more noise - this chart is devoid of that, frankly I find it eerie.

Note Renko charts measure moment - not time. As you can see we have moved considerably this year compared to timeline.

Be careful.