As we may see in the chart, MACD is historically high even vs the IT bubble...
We can also see MACD in daily is slowly going in a downtrend (just like it did in 07 untill it hit the absolute bottom in 08).
RSI is showing a bearish divergence as it keeps going in a down trend while prices trend higher, this type of pattern can also be seen in 99/00, 07/08 & 14/15 just before it fell.
We can also see MACD in daily is slowly going in a downtrend (just like it did in 07 untill it hit the absolute bottom in 08).
RSI is showing a bearish divergence as it keeps going in a down trend while prices trend higher, this type of pattern can also be seen in 99/00, 07/08 & 14/15 just before it fell.
Note
I belive it is still a bear case comming weeks even though FED is now pushing its limits.
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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.