One thing it’s been very helpful is forcing myself to look at other time things, certainly look at the same chart on a weekly basis, versus a daily basis only. It’s another good way to get confirmation of a move, seemingly.
In my unprofessional opinion, I do not see a divergence. If you draw a line on the daily SPX chart, PPO and MACD you see a clear trend in all 3 to the upside. With a divergence you would have a downtrend in the PPO and MACD while the SPX is increasing.
I'd vote for 10% up. Overall your daily SP chart looks quite bullish. RSI in an uptrend, PPO broke the downtrend and 4300 should/hopefully will act as support), therefor I'm voting for 10% up ;-) Thanks for the great video dave! Very interesting as always!
I'm voting for 10% lower because I'm already short (as of 7/2). However I'll take any pullback at this point... Sigh yikes !!! I'm also NOT short the $SPX because there are too many stocks which are not overbought and money rotate to those groups ....
Thanks so much for the video!! Really helped me with my studies and was super easy to understand 😊
So glad you enjoyed this one! D
Very helpful to understand how to combine indicators to form a more complete picture.
So glad you enjoyed this one! D
One thing it’s been very helpful is forcing myself to look at other time things, certainly look at the same chart on a weekly basis, versus a daily basis only. It’s another good way to get confirmation of a move, seemingly.
Multiple time frames are an excellent idea, agreed! D
When my wife throws a frozen TV dinner at me it's a leading indicator she's pissed
Great metaphor for markets. D
Useful content that's served as a quality refresher!
Thanks so much for the kind words! D
Some technicians say there is a PPO or MACD divergence? Do you agree or disagree?
In my unprofessional opinion, I do not see a divergence. If you draw a line on the daily SPX chart, PPO and MACD you see a clear trend in all 3 to the upside. With a divergence you would have a downtrend in the PPO and MACD while the SPX is increasing.
Not by my read, but perhaps on a different time frame? They be using hourly charts etc... D
gt video and gt example to illustrate .........stay safe. all the best
Thanks so much S! D
I'd vote for 10% up. Overall your daily SP chart looks quite bullish. RSI in an uptrend, PPO broke the downtrend and 4300 should/hopefully will act as support), therefor I'm voting for 10% up ;-)
Thanks for the great video dave! Very interesting as always!
Trend is positive on all time frames, that is 100% true! 4300 as potential support, makes sense to me D
Great instruction, thank you
Appreciate the watch! D
That was so useful David thank you!🙂
So glad you enjoyed this D
God Bless you, earned a new subscriber
Thanks so much for watching! D
Well done !
Thanks so much for watching! D
Thanks
Cheers and thanks so much for watching! D
Please upload more videos on indicators sir 🙏
Will do and thanks for watching! D
Awesome ❤
Very much appreciated! D
I'm voting for 10% lower because I'm already short (as of 7/2). However I'll take any pullback at this point... Sigh yikes !!! I'm also NOT short the $SPX because there are too many stocks which are not overbought and money rotate to those groups ....
Very good point on lack of overbought names- so true! D