This $OEX (S&P 100 Index) weekly chart has been added to the Live Charts page under the U.S. Stock Indices section. As the S&P 500 and S&P 100 indices basically mirror each other, the $SPX is also currently trading precariously above it’s similar primary bull market uptrend line with prices also wedging higher while most key indicators and oscillators continue to diverge (make lower highs). The take-away from this chart is that if & when these divergences do manifest in the form of a correction, as they have done in the past, that correction will almost certainly bring prices well below the 5+ year bull market uptrend line.
$OEX Weekly April 24th