• Thu. Sep 29th, 2022

Blog Post: Day 11 of $QQQ short term up-trend; MACD hourly histograms reveal weakening in $QQQ, $SPY and $DIA

ByDr. Wish

Aug 1, 2022
Blog Post: Day 11 of $QQQ short term up-trend; MACD hourly histograms reveal weakening in $QQQ, $SPY and $DIA


One of the ways I use the 12/26/9 MACD indicator is to focus on the hourly histograms. Study this hourly chart to learn how to use this indicator. When the histograms decline and turn black, it can signal weakness. The hourly histogram is a very short term indicator and signals small moves.  Note the  weakening momentum now even as the price has been climbing. Similar negative divergence occurred a week ago. Note also how the rising red histogram bars foreshadowed the recent bounce. Similar patterns of negative divergence are also evident in SPY and DIA where the histograms have also turned red.



Image and article originally from www.wishingwealthblog.com. Read the original article here.