Member
Posted 21 February 2023 - 10:26 AM
Kudos to dTradrB for the charts pertaining to the MACD crossovers. Nice work. The crossovers
typically last a couple of months. Consequently, based on the crossover last week to the downside
it's quite possible that we could see the mkt work itself lower over the next couple of months.
I want return OF my money more than return ON my money
Posted 21 February 2023 - 11:31 AM
Member
Posted 21 February 2023 - 04:20 PM
During the 1st week of Feb. of this year the RSI(14) on the daily SPX chart closed at
70.A reading of 70 is more of an IT top signal than a ST top signal. During mid Aug. of
last year the RSI(14) on the daily SPX chart hit 71 when the SPX was at 4300 and the
SPX hasn't been back up to that level since then. However, today the RSI(2) on the daily
SPX chart closed at 3.00 which is in very oversold territory so it's quite possible that
we could see a ST bounce here.
Member
Posted 21 February 2023 - 07:55 PM
Kudos to dTradrB for the charts pertaining to the MACD crossovers. Nice work. The crossovers
typically last a couple of months. Consequently, based on the crossover last week to the downside
it's quite possible that we could see the mkt work itself lower over the next couple of months.
where is that posted?
Member
Posted 21 February 2023 - 08:22 PM
A better bearish signal is cheif is quiet today
He was too busy buying...
Member
Posted 21 February 2023 - 09:44 PM
dTraderB put the crossover chart on here yesterday. If you want to calculate it yourself
you can go StockCharts.com and open up the SPX chart and click on the MACD indicator
in the menu of indicators. It's defaulted at 12,26,9 but I also look at 2,10,14 which typically
gives a signal as to what the 12,26,9 is going to do. The 12,26,9 typically does what the
2,10,14 has done a few days later.
