As of today, we have YADH (yet another divergent high) on the 60-minute charts of both the world’s largest stock & top component of both the Nasdaq 100 as well as the S&P 500, along with another divergent high on the 60-minute chart of /NQ (Nasdaq 100 E-mini futures). Either this divergent high plays out for a correction, like all other previous divergent highs since the beginning of the year, or we continue to rally next week which would show a change of character (bullish) in the market. Until & unless proven otherwise, the odds favor the status quo (a correction to follow in AAPL & the $NDX in the coming days to weeks).

To be continued next week….