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Solidified
Feb 14, 2023 7:41 PM

$SPY daily chart in consolidation  Short

AMEX:SPY1D
SPDR S&P 500 ETF TRUSTArca

Description

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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.
Trend AnalysisTechnical IndicatorsChart PatternsmacdivergenceoptionstradingTechnical Analysis
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