Yuriy Matso: Nasdaq cumulative TICK shows major bearish divergence

Yuriy Matso: Nasdaq cumulative TICK shows major bearish divergence
Nasdaq shows bearish TICK divergence

Yuriy Matso highlights a significant bearish signal in one of his recent observations. He notes that Nasdaq's cumulative TICK has diverged sharply from the performance of the underlying index, which he describes as one of the most bearish charts currently available.

Matso has also tracked developments in the volatility market. On Friday, he reported a sharp drop in the VIX term structure, suggesting market optimism earlier in the week. In a separate update, he noted that the VIX term structure remained in contango, indicating continued market stability.

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