April 26, 2018
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All Pointing Down But Is MACD Also Agree?
Do Not matter which stock index you analyse they are all pointing lower. Let’s study these indexes using MACD indicator. As you may not know MACD is a leading indicator on the trend change.
US Stock Analysis
^NYA New York Stock Exchange Index and MACD
Study NYSE Index using MACD indicator, see chart, picture worth a thousand words. We see divergence. Is trend ending? Manage your risk.
But we said, it is highly unlikely the index to be bullish for the next week or may be the next next week. So, even if the trend ending. It may not be immediate. Trade with your eyes open.
Moses Stock Analysis
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