S&P 100, High-Low Index.
MACD crossing under but not yet confirmed.
Note false cross under Jan, Feb 06 (weekly chart)...
S&P 500, H-L Index update (weekly chart).
Watching for a MACD cross under...
Falling wedge and gap.
Could filling the gap be a setup for going long?
Charts and comments are NEVER INTENDED AS ADVICE...
Falling Wedge:
Technically speaking, a falling wedge in a downtrend is a decline to a new low on strong volume, several weeks of range-bound trade characterized by lower lows and lower highs with contracting volume, followed by a sharp break higher on strong volume. It is important to note, unlike all other chart patterns, valid falling wedge patterns can be either continuation or reversal patterns.
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