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Daily Stock Market Analysis June 22 2017 Thursday
There is always a reason why there is divergence between the S&P 500 and Nasdaq. A trend following tool will be able to help you see that. Yesterday, S&P 500 and the Dow Jones fell while the Nasdaq Composite rose. Well, I guess it surprised many people, but not me or those of us here that use a trend following tool to help us.
The trend is your friend as they say.
While a good system may not give you 100% accuracy, it helps us to be on the right side of the market 75% of the time. As you shall see in the charts below, the Nasdaq was trending up in the 15 min charts while the SPY and DIA was trending down in the 5 min charts.
Charts with the Freestockcharts.com label are courtesy of Freestockcharts.com
Charts with the investing.com logo are courtesy of Investing.com powered by Trading View
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