When
SPY was recovering from Covid sell-off, weekly MACD crossed above the zero line around Jul 2020; weekly RSI was already above 50 and stayed above that level until early Jan 2022.When weekly RSI is above 50 and MACD above the zero line, generally we see higher prices.
Currently, weekly RSI is above 50 and MACD is heading towards a cross above the zero line.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.