Wednesday, September 16, 2015

Denialation: Voluntary Self-Implosion

Highly democratic

While copious tools were informing us about imminent MACD buying opportunities, fake-believe decoupling from reality, and all-important .25% interest rate hikes, the real MACD crossover occurred 8 months ago...

MW: Sept. 16, 2015
Monthly MACD Has Turned Down For Only The Third Time In 20 Years

"Moving Average Convergence Divergence (or MACD) is a trend-following momentum indicator that shows the relationship between two moving averages of prices." 

A Bear Market In Broad Daylight
The S&P topped four months ago...
Lower pane: 12 Month - 26 Month Moving Average:
Vertical blue bars show the last times the market reached this crossover threshold:

The other two negative blips are the 1998 Asian Financial Crisis and the 2011 Debt downgrade

Momentum Divergence (MACD) confirms the 8 month top:

And, puts this asinine chart into perspective...
52 week price range of average stock

But, denialists would like confirmation from lower levels...

Who are we to argue?