first chart is the nasdaq daily with its macd, the second chart is the same as the first but more detailed in the last time period, the third is the nasdaq weekly with its macd
you can see by yourselves that the daily macd is currently at a level which is above the one of the 2000 bubble, while the weekly hasn' t yet even come close to the bottom level of 2000, in the detailed daily chart you can see that while the nasdaq is rising like there's no tomorrow, its macd isn' t following. Probably the nasdaq will get to retest the high, but it's not healthy for sure and we all know that is just the effect of stock market pumping, in other words another bubble among many others
a healthy restart would be around the cross of the two lines
but you know, it's election year..............maybe we are going to touch 30,000 before the end of the year
Edited by andr99, 20 May 2020 - 11:08 AM.