Stochastic indicator shows new high (strength), however, the it is not confirmed on the index or price. Can this be used to indicate the market is declining?
RSI can be used similary.
RSI and price forms lows, higher lows, highs, higher highs, double bottom, double tops. It can have a divergence. Some of the divergencies can be ignored as not so strong, whilte others are strong indicators. SOmething to look into it.
Momentum indicator can also be combined with the aboves
Momentum indicator measures how fast the price changes in a direction.