thunderous thursday, page-80

I note on CMC daily charts that MACD on SPX is higher than ever which means back to the 2003 lows.

Since a bear market preceded that then it is probably at least 10 years since such highs.

Is that bearish? I don't think so.

It may be in the short term but suggests the normal super overbought initiation stage of a bull.

I will look at a decent chart shortly to see what it shows and when I say a bull then some would say we already are in one. So not saying new highs.