April 24, 2018
The last time we posted SPY was September 2017. We warn to be careful as the market increase confident. Let’s examine SPY again.
SPY SPDR S&P 500 ETF and MACD Indicator
Picture worth a thousands words, see chart for more. SPY has begun to form lower high, although we do not see the lower low yet. But from the leading indicator, MACD. We see a signal on potential trend change. Manage your risk.
April 17, 2018 SPDR S&P 500 ETF and MACD
SPY SPDR S&P 500 ETF From 1994
If step up and see the SPDR S&P 500 ETF in the big picture, picture worth a thousands words. SPY retested the same high of 2000 in 2007, eight years later. Then SPY breakout the same high in 2013, in seven years later. If you study cycle, you may agree that for the same cycle, the price action move to the same high. Thereafter, the price action has never come down again. The cycle has been broken. Now in a shorter cycle, six years SPY has another high again. So, only looking at the high, every eight, seven and six years, SPY create a high. Manage your risk.
April 17, 2018 SPDR S&P 500 ETF from 1994
Moses
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.