S&P 500: Weekly Bullish Divergence + MACD Cross

S&P 500SP

Description

⋅ Jul 29, 2022 2:09 AM

1) Weekly RSI is showing bullish divergence in play.
2) Weekly MACD just crossed up.
3) One of the major trend lines just broke upward.
4) US10Y is showing a possible H&S in play.
5) DXY is showing bearish divergence on the weekly chart (see my post below).

Trend Analysis SPX (S&P 500 Index)

Comments

nzahir

⋅ Jul 29, 2022 4:30 AM

Hey OP there are times when macd has crossed and then the move is basically already over and then dips a bit and then the macd turns over

What do I make of those?

LA_Designer

⋅ Jul 29, 2022 10:35 AM

@nzahir, MACD is a lagging indicator and should be used in combination with other indicators.

mysticalwalrus

⋅ Jul 29, 2022 2:20 AM

Great job my friend!

LA_Designer

⋅ Jul 29, 2022 2:22 AM

@mysticalwalrus, Thank you, man!