My methods may be different than many, I use what my strenghts are and that is observation....no ONE chart is the answer, now Im looking for clues.....to at least the Question many may be asking is Lowrys right or has the mkt topped.
WHAT I'm asking you to see is that after a MACD cross UP in MArch....was BULL SIGNAL (or rally).....It is a sign of momentum and direction and on WEEKLY basis it suggested UP for prices....and it was/has been
Also and it has value because of action AT the trend line MA, the 400 WK observe the last 2 bars BOTH touches right at the flat lining MA!!
Comments on chart were made months ago...disregard. Lastly the RSI has yet to break below 50, in JUly it did, so maybe not of great concern .
MACD cross down must be considered a sell signal.....expect now a counter rally
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