Replies to post #5337 on ETF SWING & DAY TRADING

[Vestor_2000]

Daily MACD on the S&P 500

Just for a different perspective, I track several daily indicators on the S&P 500. At Friday's close, the MACD closed at -1.21. As I write this message, and despite the fact that the market is up nicely, the MACD stands at -1.34, so it is slipping a bit. Even when the market was higher earlier today, the gap increased to -1.24 from Friday's close. I guess it depends on the market and timeframe you trade, but I honestly don't see any cause to be bullish here. I take it a day at a time, however, so we'll see what happens.