29 February, 2020
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^GSPC Standard and Poor 500 Index Daily Charting
Study Standard and Poor 500 Index Daily stock chart price action and River.
See chart, picture worth a thousand words.
Manage your expectation.
Remember to trade what you see and not what you think.
We see AB=CD pattern.
Price Action close above 34 MA band in January last year. Price Action stay above 34 MA most of the time. In few occasions, the price action fail below 34 MA.
Now price action has pulled back again below 34 MA.
See price action is currently supported by the point D of one of the ABCD pattern.
Manage your risk.
Moses Stock Observation
AmiBrokerAcademy.com
Disclaimer
The above result is for illustration purpose. It is not meant to be used for buy or sell decision. We do not recommend any particular stocks. If particular stocks of such are mentioned, they are meant as demonstration of Amibroker as a powerful charting software and MACD. Amibroker can program to scan the stocks for buy and sell signals.
These are script generated signals. Not all scan results are shown here. The MACD signal should use with price action. Users must understand what MACD and price action are all about before using them. If necessary you should attend a course to learn more on Technical Analysis (TA) and Moving Average Convergence Divergence, MACD.
Once again, the website does not guarantee any results or investment return based on the information and instruction you have read here. It should be used as learning aids only and if you decide to trade real money, all trading decision should be your own.