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what do you think guys of this ?

22 May 2020

Posted by andr99 in Fearless Forecasters

https://i.postimg.cc.../nasdaqgaps.png

 

https://i.postimg.cc.../nasdaqmacd.png

 

https://i.postimg.cc...qdivergence.png

 

 

it's the nasdaq.....the latest three gaps have all been closed very quickly (though one was not closed perfectly) 

 

 

the daily macd is at all time highs since 2000

 

 

if the last gap gets filled the macd will cross to the downside its ma placing a divergence on the chart

 

 

bullish or bearish ?

  380 Views · 4 Replies ( Last reply by andr99 )

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SPX MACD lay of the land

22 May 2020

Posted by gm_general in Fearless Forecasters

SPX is between 61.8% retrace zone and 200 SMA. It could also do a 50 SMA support test. My feeling is if it breaks above 200 SMA you should see massive covering which could somewhat deplete the short rocket fuel stockpile we are sitting on.

 

On the topic of SPX MACD, I have been wondering for years about these megaphone structures that form over long periods of time. Its almost like a resonance pattern that builds up amplitude as it proceeds. So again here is the current record breaking case, with 3 trips to the support line. If I had to guess I would say the larger the drop in MACD to support, the more elastic tension is stored and released in the rebound. So #1 (being small) did not make it very far up, and #2 (being larger) made it farther. I would say #3 (ginormous) is more like #2, only 3 times bigger. MACD 9 EMA now is meandering around the MACD line just like 2 did. It did not stop the index from traveling higher the last time.

  339 Views · 8 Replies ( Last reply by K Wave )

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sox

22 May 2020

Posted by gannman in Fearless Forecasters

if the sox can trade over 1820  that for me would be a buy signal fwiw

  156 Views · 0 Replies

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VST Signal

22 May 2020

Posted by redfoliage2 in Fearless Forecasters

Currently at Neutral.

But bulls may still get a chance later today ........................

  283 Views · 2 Replies ( Last reply by pdx5 )

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covid free

22 May 2020

Posted by andr99 in Fearless Forecasters

my region is covid free now. yesterday zero new cases and lock down over. all the people with masks in public though and keeping safety distance. Lombardy still having problems, but there too new cases decreasing   

  309 Views · 3 Replies ( Last reply by OEXCHAOS )



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