if you are a big fan of trading Darvas Box Range system, @tradingview has just allowed "Rectangle" drawing to be preset with alert condition. condition includes (those that i find useful for traders);
1. "Entering Rectangle"
2. "Exiting Rectangle"
3. "Greater Than"
4. "Less Than'
https://t.co/0Vhfm3kJJd
SMH failed to make a new high, but $ES and $NQ did.
Could lead to a possible pullback next week
Below 30,200 we can start taking lower zones marked below
$NQ $ES $SMH
The best stocks and new leaders almost always bottom way before the market enters a new uptrend.
If stocks outperform during a downtrend or pullback, what will they likely do in an uptrend?
Lead.
SMT divergence at the daily lows.
Base case is NQ does't take out that low and we can go higher.
If that low gets taken out we may have more downside to come.