As I was scanning over some of my secondary indicators I noticed a pattern within the ADX indicator on the Nasdaq Advance/Decline that we’ve seen before and I feel is worth paying attention to.
I suspect when the coiling that is going on with the +DI & -DI resolves itself, we’ll see an end to the day to day volatility that is frustrating many swing traders right now.
The RSI is also tightening up, after an orderly stair-step decline.
First it lived above the 70 range during the first … [visit site to read more]
NOW WATCH: Money & Markets videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.
Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.