I think we are pretty close to the euphoric zone inspired by Yellen. MACD on daily chart should produce a gold cross tonight or tomorrow morning. I have doubts that this cross will materialize as it is still possible to uncross it within 2 candles. Market reaction will be violent and depending on hourly chart and above will be too late. Managing my risks using the 15min chart. start the party when MACD produce a dead cross below zero.
Comment:
As shown in the daily chart, MACD has already made a successful cross; now we will have to see how the markets react to the weekly chart. Current estimate is 21730 area for the MACD to make a cross. The round shaded areas show the first unsuccessful attempt, now we shall see round 2 and how the bears will react with a divergence on Williams and MACD. Again manage your risks using the 15min chart is enough. As long as it stays above zero one does not act irrationally.