$NDX or $DJI - Who is telling the truth?
$NASDAQ 100(NDX)$ or $DJIA(.DJI)$ - Who is telling the truth?
Tech moved the market today setting a higher close than Friday, invalidating the hammer candle, but the Dow Jones has not invalidated that same bearish reversal signal.
The contraction in volatility indicated by the Bollinger bands is something to watch, it is the constant in all U.S. Indexes.
The daily volume does not validate the rally, but it does not say sell either.
20DMA is still carrying the trend, and yes, the 5DMA that was recovered. The bands are anticipating that a "series finale" is coming.
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https://x.com/SmartReversals/status/1843759077505061280
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