$NDX | Bearish Divergence Still Unresolved

TRIGGER TRADES
01-19

$NASDAQ 100(NDX)$

NDX continues to fail to confirm new highs made by $S&P 500(.SPX)$ $Dow Jones(.DJI)$ , keeping the bearish SMT intact.

As long as this persists, the divergence keeps price primed for a sharp downside move

A daily close below 25,164 opens downside toward 24,640, with scope for continuation toward the 200-MA.

Alt: This condition may persist into February. If SPX/IWM grind higher, NDX may consolidate rather than break immediately — but resolution still favors a larger move lower toward 23,500 once confirmed.

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