Flight To Fantasy---Stock Market Divergences Continue To Warn

The chart formation built in the course of the early February sell-off and subsequent rebound continues to look ominous, so we are closely watching the proceedings. There are now numerous new divergences in place that clearly represent a major warning signal for the stock market. For example, here is a chart comparing the SPX to the NDX (Nasdaq 100 Index) and the broad-based NYA (NYSE Composite Index).

 

 

 

http://davidstockmanscontracorner.com/?p=180112&preview_id=180112&preview_nonce=6d93371b8e&preview=true

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