SentimentEdge report

Jason Goepfert

9-11-2020 at 11:05 am

Nasdaq's waning momentum clarifies its analogs

Over the past 10 days, the Up Volume Ratio on the Nasdaq has turned negative for the first time in 5 months, ending a historically long stretch of positive underlying momentum. Analog comparisons to other times the Composite Index behaved as it has over the past 50 days showed the importance of watching near-term price action.

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