Tuesday, March 25, 2008

S&P 500 MACD Divergence


The S&P500 index seems to have bottom out and there is currently a MACD divergence. The low made on Mar 10 was not matched by a lower low on the MACD histogram chart.

Looks like a text book divergence pattern.

1 comment:

Anonymous said...

Hi,
Good observation on the divergence. I was trying to read the sector rotation analysis to see if that gave some clue. There seems to be some sense that the market has reached a bottom whether this is a secondary or primary bottom, time will tell.

hoong5

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