It took a long time for me to see this MACD trend but here it is, another classic megaphone pattern. The quality of this latest move up in the index seems somewhat lacking if one were to judge by MACD value which is limping along, and the last sell line indicated (Dec 2023) did not work so far.
$SPX MACD trend
Started by
gm_general
, Mar 12 2024 02:25 PM
1 reply to this topic
#1
Posted 12 March 2024 - 02:25 PM
#2
Posted 12 March 2024 - 03:29 PM
One thing about charting is sometimes things don't work. I combine with a variety of other charts to get better accuracy. Over the last month it seems that breadth of trading is widening some so we could be seeing continued grind upward.