Market Analysis Video: Is S&P Losing Momentum on the Upside?

While the market still seems to be higher, it also appears that it is losing momentum on the upside.
This can be seen in the market’s second attempt to close above the 950 level.
In addition, some of the momentum indicators are also showing negative divergences.
This means that while the S&P 500 is making new highs for the move, the momentum indicators are not making new high, but instead showing lower high.
The appearance of negative divergences could often be the first indication of a potential market correction.
See the video for more detailed analysis.

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