Tuesday, October 27, 2009

SPX Histograms



I don't know why I am fixated with MACD Histograms right now but there is a pattern I noticed with SPX since July that may be worth watching. This may help indicate if the current pull back is temporary before there is a move higher.

Each time SPX pulled back as it stair-stepped higher, the histograms appeared to peak. Once a lower bar followed the peak, price reversed higher.

Simple as that. We will see...

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