surprisingly even the worst week in years could not derail MACD rebound.. its on the positive already three weeks in a raw, is taking off imminently...
with the lows in sp this phenomena is called bullish divergence, extremly bullish indicator in technical analysis.... dyor anyway
*A bullish divergence occurs when prices fall to a new low while an oscillator fails to reach a new low. This situation demonstrates that bears are losing power, and that bulls are ready to control the market again—often a bullish divergence marks the end of a downtrend (Investopedia)
Chart - Z1P, page-15960
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