This stock market update video covers multiple time frame analysis of the S&P 500 tacking ETF, SPY. The MACD indicator is analyzed at the 15 min, 1 hr, 2 hr, 4 hr, 1 day, 1 week, and 1 month time frame. Bearish divergence is present on the MACD on the lower time frames, warning that the stock market could potentially be ending an uptrend of varying degrees.
However, price is the final say, and divergence patterns can fail to lead to meaningful reversals. Given that we are currently in the seasonally strong time for stocks and the market is at all time highs with no overhead resistance, this is a distinct possibility.
I also show you a simple, yet very effective way to trail stops using the MACD indicator relative to price action. This method will allow you to stay in most large trends and failed divergence patterns until the trend is done or nearly done.