For the first time in CENTURIES |SPX MACD crossing on a new high
As the chart says!
I'm not bearish on the market AT ALL, I'm just laying out there some observations I saw in the market.
It could look like we could be seeing a stock market correction similar to that of around October-November 2020, where growth stocks took a huge hit.
Technicals:
a). MACD crossing on NEW HIGHS
b). Divergent RSI (Which is not a good indicator when using on the market, and I do not suggest using this trading strategy according to my own DUE DILIGENCE)
Disclaimer: It is not intended as legal, financial or investment advice and should not be construed or relied on as such. Before making any commitment of a legal or financial nature you should seek advice from a qualified and registered legal practitioner or financial or investment adviser.
I'm not bearish on the market AT ALL, I'm just laying out there some observations I saw in the market.
It could look like we could be seeing a stock market correction similar to that of around October-November 2020, where growth stocks took a huge hit.
Technicals:
a). MACD crossing on NEW HIGHS
b). Divergent RSI (Which is not a good indicator when using on the market, and I do not suggest using this trading strategy according to my own DUE DILIGENCE)
Disclaimer: It is not intended as legal, financial or investment advice and should not be construed or relied on as such. Before making any commitment of a legal or financial nature you should seek advice from a qualified and registered legal practitioner or financial or investment adviser.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.