Option Investor
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Here are the charts of the four major equity markets in the US. These are charts of the cash markets as opposed to the futures which I watch overnight (and used to day trade) so they all start at 9:30ET. I am showing you these to give you another example of price moving sideways and the MACD falling. Many technicians believe this would be a bearish divergence but it is not. This is the one time when lower MACD and higher (or mostly sideways) price is indeed bullish.

This is telling me the markets will break out to the upside.

[Image 1]

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