Nasdaq 100 Index - RSI Positive Divergence on the Weekly Chart
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Just like on the S&P weekly chart (that I've posted on Oct 13th - S&P is up by about 8% since then), the RSI indicator is showing us a positive divergence on the Nasdaq 100 weekly chart. Fibonacci levels also give us some idea about the movement of the candles. Combining these with the Stochastic, does this mean a shift in the market? Weekly charts take a longer time to develop so I guess we'll wait and see.