July 31, 2017
SPY and Moving Averages
See chart for more, picture worth a thousand words.
We see price action cross up 20 MA, and price action supported by 50 MA, and 20 MA. The PA stays above the MA. Bullish.
20 MA cross up 50 MA and 100 MA, Golden Cross.
SPY, the SPDR S&P 500 ETF Trust.
July 28, 2017 SPY and Moving Average
SPY and Channel
Channel slopping from bottom left to top right, bullish trend.
July 28, 2017 SPY and Channel
SPY and Channel
MACD is above zeroline, bullish bias.
July 28, 2017 SPY and MACD Signals
So, What’s Next?
So, what is all these meant to a trader? As a trader we look for buy or sell. So, with the above charts, okay we understand the market is bullish, then?
Let’s wait for pullback, before we enter the buy.
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.