RCL showing strength while SPX struggles to penetrate June low.
Market overview:
- S&P 500 and Nasdaq composite show signs of struggles to breakout June Lows.
- VIX index is meets a strong resistance at 33-34 level.
RCL:
- Has shown relative strength compared to SPX.
- Failed to go below the cluster level at 43-44.
- RSI has a history of reversing from the current zone.
Timeframe used: 130 minutes
- S&P 500 and Nasdaq composite show signs of struggles to breakout June Lows.
- VIX index is meets a strong resistance at 33-34 level.
RCL:
- Has shown relative strength compared to SPX.
- Failed to go below the cluster level at 43-44.
- RSI has a history of reversing from the current zone.
Timeframe used: 130 minutes
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.