Hi Sean,
I’ve been following your "online courses" through UWR, AP & now LI. I’ve been paying particular attention to the MACD, RSI & the SPX index price recently.
Mid-day the SPX is has a slight gap down of about 1.4%.
What really caught my eye was the MACD showing a pretty good sized positive indication, while the RSI is still looking like it’s in a downturn.
Any thoughts on this that you could share?
Thanks & Best Regards,
Jon

Comments
rcwarship
rcwarship

Heya Sean,
I’ve confirmed that volume doesn't show on the chart until after the trading day is over, I had assumed that it accumulated throughout the day. This particular charting program keeps the space blank until the day is over.
Thanks & Best Regards,
Jon

Sean Hyman
Sean Hyman

Editor

The grey volume spike for today isn't closed yet, so it could always change colors to red. But it could also indicate the retail public "buying the dip" when they shouldn't be. We'll know more about that once the market closes for today.

rcwarship
rcwarship

I appreciate your kindness Sean, you have the patience of Jobe & that's for sure.I was looking at the daily volume & mislabelling it as MACD. Aaaaach, can't even get Job right.......Regardless -
Thanks & Best Regards,
Jon

Sean Hyman
Sean Hyman

Editor

Not sure what you're referring to. But the MACD on the daily chart isn't a daily indicator but what the market is likely to do over time.

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