10 yr NDX CHART STAYING LONG riding the 40 WK (200 DAY) moving avg, acted as support the whole way up from 1995. NO SUBSTANTIAL IF ANY 10 WK (50 day) cross down.
CLOSER LOOK now SECOND time 50 has crossed down thru the 200 SMA. NOT BULLISH ACTION.
BUT weekly MACD histogram just turned above ZERO, JUST looking at that I would say MORE upside probable, until the histograms fall. ADD RSI WEEKLY nearing OVERBOUGHT.
NOTE 4 BLACK bars on volume. 4 straight weeks of higher prices, but the bars are DESCENDING, volume is declining with the rally!
CLOSER STILL DAILY RSI showing OVERBOUGHT MACD overbought and histograms falling.
A DECLINE to at least center of BB likely IMHO. MOST calling for NAZ rally to continue, not sure if enought to ensure it doesn't just yet.......but the bearish set up is near as NAZ shorts dry up.
SITE for FINDING STOCKS Sharp screener
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