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NASDAQ Before FOMC - New Chance For Bears?
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The NASDAQ has staged an impressive rally in recent weeks. We had pointed out bearish divergences in the volume, which the market ignored with a brilliant upward movement - this was not unexpected, as we remember from the aforementioned analysis. Nevertheless, these bearish divergences are still present and are now also clearly visible in the long-term cumulative volume delta chart.
With tomorrow's FED meeting and signs of weakness, the chances of a short-term correction to one of the various open gaps are not bad.
With tomorrow's FED meeting and signs of weakness, the chances of a short-term correction to one of the various open gaps are not bad.
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