A Thoroughly Exhausted Bull Market

Includes: DIA, QQQ, SPY
by: Tyler Durden

Yet someone (or much more likely something) keeps pushing it higher. A chart of the market's divergence index indicates the most exhausted uptrend witness in years. Divergence Index: ((10 Day Momentum * 40 Day Momentum)/Variance 40 Day Price Changes). Not surprisingly, large positive values indicate an exhausted trend.

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