JD, I have to agree. Looking over all the charts, MACD is about to give sell signal for SPX, DJIA, Oil Services Index, Banking Index is coming down, Nasdaq made a sell signal a few days ago - so it seems there is a clear momentum shift - how far down, who knows but I can't see us continuing to push up in the face of a correction.
Having said all that, Fed Policy Meeting statement tonight throws any TA out the window potentially.
See what happens.
JD, I have to agree. Looking over all the charts, MACD is about...
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7,777.7 |
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| Open | High | Low |
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| XJO (ASX) Chart |