SPY Bearish Monthly MACD Cross
It appears we might see a bearish cross on the monthly MACD for SPY.
The histogram reached its highest level back in Jun-Aug 2021. The histogram measures the spread between the two EMAs.
We might conclude that we've never seen the market rally as much as this in such a short amount of time. The Covid recovery was truly unprecedented.
The QQQ monthly MACD has already crossed bearish. Might be a leading indicator of what's to come for SPY.
The histogram reached its highest level back in Jun-Aug 2021. The histogram measures the spread between the two EMAs.
We might conclude that we've never seen the market rally as much as this in such a short amount of time. The Covid recovery was truly unprecedented.
The QQQ monthly MACD has already crossed bearish. Might be a leading indicator of what's to come for SPY.
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