August Won’t Be an Easy Month for Big-Cap Stocks

By Emily E.A. Meyer

As the market has started to find resistance over the last week, momentum has started to wane. A look at the chart for the SPDR S&P 500 ETF (SPY), which tracks the S&P 500, is at risk of a MACD reversal which usually precedes a move lower. One very common trading strategy is to short a stock/index on a negative MACD reversal as it usually means sellers have come in control.

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Source:: MTA News


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