while everyone is busy with daily MACD and triangle breakouts... I wanted to point out to a very important event occuring on the weekly indicators..a simple comparison looking at the charts of 2013 april vs 2013 december crash and the current situation on the far right.. the charts speaks for itself.. the last time the macd cross happend on the weekly was at the end of march 2017 correction where it bounced quickly the same week and ralllied hard untill June 2017 .. so are we close to a bounce and a new bull run ?? or we will stuck under the MA 20 for a couple of weeks ??
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a quick look at march 2017 correction and weekly macd cross
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my opinion is we are far from march 2017 correction..fear and anxeity replaced hype and greed.. its been moer than a month since december 22 crash and we are filling the gaps nicely.. first we filled the 13k-18k gap.. and now we are filling 10k-13k gap..next 2 or 3 weeks we will spend some time filling the 7k-10k gap..this is where all the madness started..I wont be surprised if we pushed down to between 5k-6k gap as well.
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2011
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