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.
Showing posts with label MACD Divergence. Show all posts
Showing posts with label MACD Divergence. Show all posts
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.
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