SPX Triple MACD Divergence (Update)
Two weeks ago I posted some comments about the triple MACD divergence in the SPX. Since then the market hasn't really done much. If you look at the above daily chart of the SPX you will see that the S&P closed below it's 5 month uptrend line. I think this breaking of the trendline line confirms the MACD divergence sell signal. I'm still looking for lower prices in the market and my views haven't changed. But I will say one thing, they don't make it easy!
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3 comments:
Good line!
If it was easy everybody could do it.
T
Exactly
Kevin ~ excellent , simple alert you make ! To me , especially breaking the trendline and pulling-back is a super vulnerable place - An important ALERT! thanks.
the macd divergence and enveloping cloud are also symptamatic of this danger zone {for longs }.
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