NEGATIVE DIVERGENCE IN NIFTY

• Negative divergence can be clearly seen in nifty's daily chart in MACD and RSI.
• See how the channel of nifty is going up and the channel in RSI going sideways with a negative bias.
• One may get a good clue if the bottom support line of RSI breaks early. That may be the start of nifty's big correction. 
• For negative divergence price confirmation is very important in this case nifty may move upwards again before correcting.
• Nifty has closed above 20 SMA and above 5 day low ema. Price is also trading within the boundaries of the channel discussed early.
• Thank you S.Kumar for asking about the negative divergence. I spotted the Channel in RSI because of that.
• S&P 500 ANALYSIS AFTER CLOSING BELL