Market Analysis

Market Analysis (28 June’21)

While Nasdaq continues to outperform other indices printing new all time highs, Dow Jones and Russell are lagging behind creating bearish divergences with the tech heavy Nasdaq. However, both Dow Jones and Russell have formed bullish looking patterns over the last several months. If Dow Jones can move above $35000 and Russell – above $2400 during the next several weeks, current bearish divergences will be invalidated.