Technology stocks have continue to lead the broader market higher in 2024, posting new high after new high.
At the same time, this is the very reason we watch the Nasdaq related indices very closely with each pause in the market. When leadership is strong, the market tends to remain strong. But, when leadership starts to falter, the chances of a stock market correction go up.) has yet to breakout. In fact, it may be forming a double top at major price resistance. And to make matters more concerning, we have a falling RSI which is creating a bearish divergence .
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