The second derivative of the MACD (10,66) has been negative for 6 days now (i.e. the rate of change of the slope of the MACD is slowing). A sustained move down will not be confirmed until the slope itself (the first derivative) becomes negative. It was a nice ride down at 2X Short today from the inflated open while it lasted, but netted out at a whopping 11.5 NDX pts. Big whoop...
Kind regards, -CAPT J
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