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$SPY daily chart in consolidation

Short
SPDR S&P 500 ETF TRUST (AMEX:SPY)  
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AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Technical Indicators Chart Patterns macdivergence optionstrading Technical Analysis
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trendanalysis indicator chartpattern macdivergence optionstrading technicalanalysis
Look at MACD on the chart and what has happened following each of the red arrows depicted on the chart.
Remember MACD is a lagging indicator so it formulates after price has already started to move.
Tracking chart Setups like meteorologist track Storms.

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