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.
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
8,664.9 |
Change
-92.300(1.05%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,757.1 | 8,757.1 | 8,648.4 |
| XJO (ASX) Chart |