We’re spotting a double bullish divergence across two major indices: the S&P 500 (
SPY) and the NASDAQ 100 (
QQQ).
On both daily charts:
Price is making lower lows, signaling continued downward pressure.
Meanwhile, the RSI is forming higher lows, revealing a potential loss of bearish momentum.
This kind of setup often precedes a trend reversal or strong relief bounce, especially when observed across multiple indices at once. The fact that bothSPY and QQQ are flashing the same signal gives added confluence and strength to this potential move.
Divergence = a potential bullish signal
Watch for confirmation: break of previous highs or strong bullish candles.
Caution: divergences don’t always play out — wait for confirmation before going long.
Are we looking at the bottom forming? 👀
Stay alert. A shift in sentiment could be underway.
SPY) and the NASDAQ 100 (QQQ).On both daily charts:
Price is making lower lows, signaling continued downward pressure.
Meanwhile, the RSI is forming higher lows, revealing a potential loss of bearish momentum.
This kind of setup often precedes a trend reversal or strong relief bounce, especially when observed across multiple indices at once. The fact that both
SPY and QQQ are flashing the same signal gives added confluence and strength to this potential move.Divergence = a potential bullish signal
Watch for confirmation: break of previous highs or strong bullish candles.
Caution: divergences don’t always play out — wait for confirmation before going long.
Are we looking at the bottom forming? 👀
Stay alert. A shift in sentiment could be underway.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.