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"A major long-term momentum indicator is flashing, “sell.”*Based on the historical significance of this indicator we may be putting in a top and possibly THE top for the bull market that began 2009.*The indicator concerns the monthly moving average convergence divergence or MACD.*For those of you who like technical analysis, this indicator is formed by two interweaving lines.*The first line (usually black on the chart) is formed by subtracting the 26-month exponential moving average (EMA) from the 12-month EMA. **So if the 26-month EMA is 12 and 12-month EMA is 10, the black line would be at 2 for that particular day.*The second line (usually red on the chart) is formed by the 9-month exponential moving average.*The “signals” come when the two lines connect:*1.Anytime the black line breaks above the red line, it triggers a “buy” signal.*2.Anytime the black line breaks below the red line, it triggers a “sell” signal.*“Sell” signals usually coincide with market tops forming. They also trigger when bull markets END.*I’ve labeled the “sell” signals on the monthly chart of the S&P 500 below. We are using the monthly chart because we’re most concerned with timing when a multi-year bull market ends, NOT intermediate swings in price."
"A major long-term momentum indicator is flashing, “sell.”*Based on the historical significance of this indicator we may be putting in a top and possibly THE top for the bull market that began 2009.*The indicator concerns the monthly moving average convergence divergence or MACD.*For those of you who like technical analysis, this indicator is formed by two interweaving lines.*The first line (usually black on the chart) is formed by subtracting the 26-month exponential moving average (EMA) from the 12-month EMA. **So if the 26-month EMA is 12 and 12-month EMA is 10, the black line would be at 2 for that particular day.*The second line (usually red on the chart) is formed by the 9-month exponential moving average.*The “signals” come when the two lines connect:*1.Anytime the black line breaks above the red line, it triggers a “buy” signal.*2.Anytime the black line breaks below the red line, it triggers a “sell” signal.*“Sell” signals usually coincide with market tops forming. They also trigger when bull markets END.*I’ve labeled the “sell” signals on the monthly chart of the S&P 500 below. We are using the monthly chart because we’re most concerned with timing when a multi-year bull market ends, NOT intermediate swings in price."
[text] MACD on the S&P 500 Monthly Chart Has Been Historically Accurate -- and is Flashing Sell Again | Zero Hedge
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