As we may see in the chart, MACD is historically high even vs the IT bubble...
We can also see MACD in daily is slowly going in a downtrend (just like it did in 07 untill it hit the absolute bottom in 08).
RSI is showing a bearish divergence as it keeps going in a down trend while prices trend higher, this type of pattern can also be seen in 99/00, 07/08 & 14/15 just before it fell.
We can also see MACD in daily is slowly going in a downtrend (just like it did in 07 untill it hit the absolute bottom in 08).
RSI is showing a bearish divergence as it keeps going in a down trend while prices trend higher, this type of pattern can also be seen in 99/00, 07/08 & 14/15 just before it fell.
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I belive it is still a bear case comming weeks even though FED is now pushing its limits.