Option Investor
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HAVING TROUBLE PRINTING?
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Here is example of the MACD climbing as price moves sideways. Some technicians believe this is bullish but it is not, it is bearish and tells you the next move is down.

I used this philosophy on the Crude daily chart and thought Crude would rally this week but it didn't so as you can see it isn't 100%. However, I also used this same kind of thought process on the SPX chart and was thinking on Friday we should back the truck up with puts. Wish I had.

[Image 1]

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