Facebook Twitter Gplus YouTube E-mail RSS
magnify
Home Market Comments Monthly MACD Bearish Crossover
formats

Monthly MACD Bearish Crossover

Published on May 4, 2015 by in Market Comments

At the end of April monthly MACD for the S&P 500 Index (SPX) created a bearish crossover. However, momentum is still fairly strong. As a result, I take the monthly MACD signal as notice to start paying closer attention to the market because it is starting to stall (but not a signal that a long term top is in). If momentum crosses below 100 it will increase the odds that a long term trend change has occurred. Of course I’ll want to see confirmation from all the other indicators I follow before making a call.

150504spxMACD

Here’s a close up view of the MACD crossover.

150504SPXcloseup

 
Tags:
 Share on Facebook Share on Twitter Share on Reddit Share on LinkedIn
No Comments  comments 
Add Comment Register

Leave a Reply

Your email address will not be published. Required fields are marked *

HTML tags are not allowed.