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S&P 500 Weekly MACD Divergence


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Indicator divergence takes place when an oscillator, such as the moving average convergence divergence (MACD) indicator, doesnt confirm the movement of price. In this example, weekly S&P 500 prices made new highs while the MACD has posted a lower value from the previous peak. I interpret this as a cautionary signal of waning price momentum. After a divergence is spotted, I establish a bull-bear line, 2876 September basis, which is the key level to hold in order for bull forces to maintain control. Any close below 2876 would suggest lower price action ahead. However, once a distribution bar below 2876 is created, I would then strategically place a stop and reverse point above a short term resistance area because if the signal is legit, prices should not violate the overhead resistance area. Always remember PRICE ACTION IS NEVER WRONG! Good Day and Trade Well My Friends!

S&P 500 Futures - Weekly

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Get Your Copy of A Traders Guide to Futures

Download your complimentary copy of this intro to trading futures! No matter what your trading background, this guide will provide a great starting point. If you already know something about futures trading, you can jump to any chapter for a review or to the back of the booklet and test your knowledge in our Futures Quiz.

Download your complimentary copy today!



My many years of trading futures markets does make a difference. Feel free to call or email me if you have any questions. I am at 312.242.7990 and blake.robben@archerfinancials.com.

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After graduating from Mizzou with a Bachelors in Economics and an emphasis in mathematics, Blake began his career at Lind-Waldock as an order specialist and quickly rose to the ranks of Desk Supervisor. He was then promoted to the Lind-Plus division where he spent 15 years assisting clients.  His methodology is to read as much fundamental research that he can get his hands on, and then employ proprietary technical indicators to time buy-sell decisions.  He uses ADMIS fundamental research along with proprietary technical indicators and strict money management principles to help clientele navigate these markets.

To learn more about Blake Robben, send an email to blake.robben@archerfinancials.com or contact him directly at 1.312.242.7990.

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