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#1 4caster

4caster

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Posted 08 February 2025 - 11:29 AM

Since Aug. 5th of last year the NDX has put in a rather dramatic move to the upside. 

On Aug. 5th of last year the MACD(12,26,9) on the daily NDX chart was buried at 

-400 giving a very strong buy signal. But for the past 2 weeks the MACD has been 

flat at +83.28. Historically, this type of configuration results in a choppy trading range

and doesn't give a signal as to whether the resultant break out will be to the upside

or downside i.e. it can go either way causing st traders to have to be very nimble.