what does this divergence say about indices
SPX/NDX SP:SPX/NASDAQ_DLY:NDX
cerealmarket
compared to
TICK
, SPX/NDX is maximally diverged as stocks consolidate most heavily. the difference between indices historically closes quickly, and daily consolidation may have begun to rally the market somewhat.
the indices compared to all stocks up/down is beginning a daily bounce due to the amount of money that has gone back into risk assets as they squeeze compared to an overall down market.
