MACD sell signal FIRST TIME SINCE THE BIG DROP IN MARCH!!!
MACD has been giving very good signals during the COVID-19, advising to sell S&P 500 juts at the right time in February and to buy at a good time in March. However, now the signal is to sell!
This is well aligned with my last post concentrating on the Fibonacci Retracement level of 61.8% as resistance (and some fundamental analysis in the description).
It seems to be just a matter of time until the next drop hits hard.
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