- SPX Daily with MACD histogram shows negative divergence.
- Weekly chart shows a completely different picture with MACD about to give a buy signal.
- SPX Four hour line chart shows price at a resistance line. So for next week we might get a pullback because of the negative divergence and a breakout in favor of bulls because of the weekly MACD.
- Month chart shows price moving towards a possible resistance line. If macd buy works well price is likely to breakout above this resistance line to extend the up move.
July 28, 2012
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