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Re: frenchee post# 8141

Wednesday, 05/06/2020 9:27:57 PM

Wednesday, May 06, 2020 9:27:57 PM

Post# of 8321
Frenchee-
MACD of price looks like we may soon see a bearish crossover. During this pullback, MACD called the sell 2-days after the top; it called a buy 3-days after the bottom. So far, the MACD of S&P 500 price indicator has done well. It is not yet bearish.
5-day Rate of Change (ROC) of VIX popped above zero today. Tom McClellan noted: “...An upward crossing through zero often (but not always) marks an important top for stock prices.”
I'm hoping for more confirmation, but you may have hit the top of the rally!
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