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SPX MACD larger trend since 2020
This major support line on the SPX MACD runs from the 3/23/20 low up to now, rising and capping down trends - if it should break to the downside I would expect fireworks. Note also I drew the smaller down trending support line, if the major trend line is broken I would be looking for contact with this line and what happens after. I listed in the chart both the MACD lows and corresponding price lows for the major support line.
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Tomorrow's number better be weak, if it's hot we...
a Sept rate cut.The deceleration could just flatten out because of the services sector still being able to command a decent buck. Not good news either.Then we will have to see if they will cut before their goal is achieved. So far they have said no.
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I receive e-mails warning of a problematic second half of...
I receive them from financial advisors. An impending bearish trend is at the door, they believe. I don't think it's true so let's see who will be right, me who am a tennis player
(first of all) or these financial advisors. .
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