SPDR S&P 500 (SPY)

[GLENO34]

euter..We are basically in a downtrend..We will not bottom until the NASI bottoms..How will we know when it bottoms?? What we have to do is watch the Weekly MACD HISTO with a setting of 5,15,10..When it has the first shorter bar moving back up towards zero, we will be within a week or two of a turn..We would like to see the longest bar bwe at - 150 to -175 before the turn..This has worked over the last 4 or 5 years..Of course it could fail, but I'm going to bet my money on it...Looks like sometime tomorrow we will have a reversal down.