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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.