After nearly a 2 year-long absence, the monthly Moving Average Convergence Divergence (MACD) histogram has finally turned positive, signaling a potential shift in the market sentiment.
The appearance of the first green monthly MACD candle since August 2020 (following a massive selloff) for
SPY in July 2023 is a notable technical development.
It suggests a potential shift in market sentiment and the possibility of a renewed or strengthened bullish trend. Market participants should closely monitor subsequent price action and additional indicators to confirm the sustainability of this momentum. As always, it is essential to exercise caution and conduct further analysis before making any investment decisions based on technical indicators alone.
The appearance of the first green monthly MACD candle since August 2020 (following a massive selloff) for
SPY in July 2023 is a notable technical development.It suggests a potential shift in market sentiment and the possibility of a renewed or strengthened bullish trend. Market participants should closely monitor subsequent price action and additional indicators to confirm the sustainability of this momentum. As always, it is essential to exercise caution and conduct further analysis before making any investment decisions based on technical indicators alone.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.