$SPY daily chart in consolidation

Look at MACD on the chart and what has happened following each of the red arrows depicted on the chart.
Remember MACD is a lagging indicator so it formulates after price has already started to move.
Chart PatternsTechnical IndicatorsmacdivergenceoptionstradingTechnical AnalysisTrend Analysis

Tracking chart Setups like meteorologist track Storms.
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