Thursday, July 18, 2013

Stock Market Topping?

Stock Market Topping?

Multiple time frame analysis indicates stocks could be making an intermediate to long term high here.

This video covers a multiple time frame technical analysis of the MACD indicator on SPY.  What is apparent is that there is a condition of extreme overbought with divergence on multiple time frame which indicates that we may be approaching a longer term peak in stocks here.

I also give some ideas on what specific indicator signals to use to actually go about entering a possible short position if we see the market correct from these levels.


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