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.
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1 comment:
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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