Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 695.17

+0.2%

Jan 12 4:00 PM EST

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To: Fintas who wrote (42516)	12/26/2012 1:18:13 PM
From: Vendit™	1 Recommendation Read Replies (1) of 221644

I tend to agree with your assessment however I tend to look at the indicators daily to watch for signs of a directional change. What has my attention on the $SPX chart that I posted earlier is the falling histogram bars on the MACD indicator. I am sure that you know they are pointing to a fall in price and demand. Historically they have moved thru the zero line and continued the fall into the negative red area under the zero line as the price follows in a downward direction. I am not saying that this has to complete that cycle but it is looking very likely that it will.

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