Feb. 13 at 5:28 PM
Following a strong upside move in the Nasdaq, momentum indicators are beginning to show signs of exhaustion. A developing bearish divergence on RSI suggests upside momentum is fading, increasing the probability of a medium-term pullback as broader risk assets consolidate. Structurally, the index appears to have completed a five-wave advance, which raises the likelihood of at least a three-wave corrective phase before any sustained continuation higher. A confirmed break of near-term support would open the door toward the 20,000–22,000 region as key medium-term support - https://sigmanomics.com/stock-markets
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