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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

I don't see a positive indication at all on the MACD. It looks like its ready for another sell signal and to head lower (at this point) and it may have a lower MACD sell signal than its last, helping to confirm the risk to the market.

The gap down is negative because there was an abundance of sell orders relative to buy orders and the first buyers they found were where it started the gap at. So that's a negative too. The NASDAQ has an even larger gap today too, yet another broad-based negative for the market.

Heya Sean,
Thanks for the prompt response.
The MACD is showing grey, indicating a positive indication for the day? Perhaps I am misunderstanding the MACD. I thought it strange that it shows grey, not red; while there is a small gap down & the RSI shows a downward trend.
Thanks & Best Regards,
Jon

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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.

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

(edited)
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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.

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

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