All my studies recently 20 MA was key to support. So for now until I spot another buy signal I got to turn bearish. Also, may now close below close of 24 Feb $3,831.3, and looks like Parabolic SAR may flip too. Will have to wait for another signal before turning bullish again.
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Another reason to sell is because on a previous post I'd been comparing above with the match below on basis that the 20 MA was roughly clipping the corners of the blue square set between where my blue line MACD flips positive and my orange Signal Line follows suit (Custom MACD (2, 13, close, 31))
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Warning this signal has been deadly to bulls in 2018 see the white horizontal lines. The only time market hovered a bit was the pink horizontal. Using my custom MACD (6, 13, close, 31) just follow the Signal Line in orange - when its positive just add a yellow vertical to the day it turns down from first peak. Not Advice. DYOR.
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Will it be different this time
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Copy of new post "Still a bull run opportunity? YES but guess what...details on chart"
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Made a small error. Had originally grouped boxes using shorter MA than 20MA which was still interesting but here is what best illustrates how small square can work its way into something big just by staying above or below 20 MA and using those vertical signal points
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Done some research to find out what the market may be thinking when my histogram goes red four days after green and still closing above 20 MA. Here are two charts. Will it be different this time?
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Then again market hasn't closed yet so will have to see if close above 20MA and Histogram stays dark red.
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Worth checking out this indicator when it spikes like below. Could be a bad omen Not Advice DYOR
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Well here latest update just need to keep close above 20 MA