Plot of the 4 hour MACD and RSI indicators for the S&P 500. By the MACD pattern there is still maybe 4 hours if not a day of upside. However, the general trend in the S&P and RSI are indicating a pull back. My analysis of the AD line also predicts a pull back today. Maybe the big tech stocks bullish momentum can hold the S&P up for one more day?
As always, the stock market is unpredictable. It is practically impossible to predict things down to the day or even hour. I am just trying to use as much data analysis as possible to get an idea of what is going on. Take my analysis with block of salt :)
As always, the stock market is unpredictable. It is practically impossible to predict things down to the day or even hour. I am just trying to use as much data analysis as possible to get an idea of what is going on. Take my analysis with block of salt :)
