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Moving Average Convergence / Divergence (MACD)

S&P 500 Rolling Over?It it still whether we're heading into an equity bear market, but there are some uncomfortable similarities between the current rolling over of the MACD with how it behaved during the last two bear markets. It is only one indicator, and there are many other factors at play. But, typically markets do not peak with a sudden drop in equity prices (see the equity drop in 2011). Rather, they turn much like the arc of a large ship with failed retests of an uptrend. The momentum gradually comes out of the uptrend while prices continue to plough upward. That divergence has been occurring on the monthly chart for the past year. If we do get a downturn, given where the momentum indicators are in their cycle, there is still considerable downside ahead of us. 1600 on the S&P 500 would be the first target.
FX:SPX500Short
by romanreyhani
Long On EUR/USD BUY BUY BUY !!!Reasons for -After huge move and break out of box range a week ago price has risen and become very bullish -Therefore i believe it will continue to rise till 1.15000 -To confirm is bullish strength it has made higher highs -And higher lows -Creating a structure -Also on the four hour we can see a long bearish wick to a downside which shows more buyers then sellers -Then the next candle after that is a strong bullish candle to confirm the bullish momentum -We also broke our key level to the upside 1.1000 so it adds to the bullish setup If we go to the daily We are clearly making higher highs and long term is very bullish after we broke the key level alot of people have anticipated 1.11500 for a long time and now the dollar is weak this would be the perfect time altho im already long from 2Pm for a news setup i had and currently in nice profit id advise people to go long now as it would be the perfect time Trade safe only risk 1-3% per trade :)
Long
by ARFXC
25
No End to Bearish News for the S&PYesterday, Janet Yellen of the Federal Reserve spoke confirming expectations that the Fed would sit tight on interest rates. She even admitted today that the Fed is considering negative interest rates. Her ominous tone did not bode well for the markets as evinced by the abysmal market opening today here in the US. In fact, the world's markets are rearing from this glut. As for the technicals, we have a bearish Aroon crossover, with the ADX signifying a solid negative trend. Additionally the MACD has crossed over into negative territory, yet the RSI indicates we are not yet oversold. Also note the bearish head and shoulders pattern which suggests we have a way to go before the bulls return. Consider any rallies due to short covering at this point. Fade into any uptrends, for they will be short lived.
SShort
by quantguy
Short On AUD/USD SELL SELL SELL !!!(Change of heart after break)Reasons for -We have broken our 4 Hour trend line to the downside -Therefore we have broken structure and i 100% believe that after the break we are headed down -We are going to get a impulse wave and this is a strong setup - after all the long term trend is bearish ! Yes weve had two small losses but we are going to make it back on this one ;) Also this is an aggressive entry you may want to wait for the pull back :) On the daily we have put in a bearish engulfing also the previous daily candle was huge bearish candle ! on the daily we can also price making Higher lows ! so we are headed down now i believe My entry 0.70430
Short
by ARFXC
15
Long On AUD/USD BUY BUY BUY !!!Reasons for -Firstly we are up trending on the 4 hour -We are making higher highs so to signify uptrend -We cleared key level of 0.7000 -We are trading above the Key Level -We are due for a new higher high and a impulse move to the upside -We also have come to the trend line and has show Strong level of support -Also on the trend line we have reacted and put in a Bullish engulfing -We are showing bullish momentum Also on the daily we are making waves and impulse moves We can clearly see a uptrend All this Put together we are bullish My entry 0.70950
Long
by ARFXC
23
S&P Solidly BearishAny hopes for a recovery this week were quashed by today's open and marked declines henceforth. There really doesn't seem to be any indication of a turnaround, unless some good data comes out this week, and there is quite a bit to anticipate. As the attached article notes, analysts are cutting their expectations for the S&P, and it would be good advice to any investor heed this warning and do the same. The head and shoulders pattern drawn here indicates a bearish trend, and today's open confirms this. Its a bit oversold at present (although the RSI does not confirm this, yet), but any rally should be a good point at which to enter a short trade, or exit a failing long position, thus easing the sting a bit. As for the technicals, the MACD histogram is still in positive territory but its hanging by a thread and looking to cross soon. The OBV indicates a lot of selling pressure, and ADX indicator is distinctly bearish, and the difference between the up and down components are widening further, despite a recent apparently bullish Aroon crossover.
AMEX:SPYShort
by quantguy
1
Short On USD/CAD SELL SELL SELL !!!Reasons For -We are now down trending on the 4 hour chart -We always want to trade in the direction of the trend -We are making lower lows and lower highs -We are trading below key level at 1.4000 Which we broke with a strong downside move -If we put a Fib in from previous Lower high to the new Lower low price is reacting to the 0.618 Level -Sign of retrace Over ? -We have put in two dojis in on the 4 hour time frame -We have also come to our trend line that is acting as Res and also showing signs of bullish weakness So if we put all those together on the 4 Hour time frame we are extremely bearish If we look at the daily -We are also making new lows and currently in a new forming down trend The trend is your friend -The biggest confluence for me is we have broken the previous higher low on the daily when the uptrend was in affect we have come lower then the previous higher low Which also signifies a change of trend and direction -So after all the bullishness over the past couple years isit over ? well for now we are in full affect to make a new lower low in this current trend which is at 1.3500 Heads up Remember guys this pair is heavily influenced by Oil so it is a more risky pair to trade but in terms of technicals it is a great setup :) Also my entry is very aggressive id recommend waiting for a strong bearish candle on the 4 Hour time frame to confirm more confluence and be a strong selling setup as it confirms our momentum which is bearish So id Recommend waiting but if your a risk taker like me join me lol ;) Only 65 pips Risk well worth the risk with a great Risk Reward of 1:6 :) Trade safe My entry 1.38897
Short
by ARFXC
38
Short On EUR/JPY SELL SELL SELL Reasons for On the 4 Hour -We have been bearish since the trend line putting in nice big bearish candles -We have broken our counter trend line -We also have nice long wicks on the upside -This shows me there is more selling pressure On the daily -Firstly this is a long term trade -We can see price is down trending on the lower time frames Always go with the trend -Price has come to our major trend line and bounced of as trend line is acting as Resistance -Price put in a doji almost right on the trend line then a nice big bearish engulfing -This clearly signifies to me there is alot of selling pressure at this level -Also we have been putting in lower lows and lower highs (Clear down trend formation) Price has always reacted from this trend line so i dont see why it wont again also following the trend this is a setup i like nice and high probability So is it possible to put a new lower low ? and make it all the way down too next key level off 125.00 My entry 131.045
Short
by ARFXC
26
Dark times for the EuroFrom political instability to ineffectual QE, bullish news for the Euro is scant. We can look for more confirmation from Draghi to this effect soon to come. As far as the technicals are concerned, we have a very strong bearish head and shoulders pattern forming on the weekly chart. There is massive resistance from above via the ichimoku cloud which will make a turnaround difficult. The MACD is waning and the RSI indicates entry into a position is safe. Further, there seems to be some high selling pressure via the OBV indicator. The Aroon indicator notes that we've entered bearish territory (on a day chart), and the ADX indicator is waning with the MACD, suggesting a collapse may follow soon, perhaps even after Mr. Draghi's speech.
Short
by quantguy