Is this UP move for real?
- RSI above 50 and moving upward
- MACD black line moving above red line
Now check the shaded rectangular area below. MACD gave a signal but RSI was barely moving above 50 indicating fake UP move, once RSI was above 50 decisively then the trend continued higher.
What should we do regarding Investments?
401K Investments - If you are already invested in funds then continue as NO SELL signal is generated. If you haven't yet invested then you may want to re-think.
Stocks/ETFs - Invest is opportunities with good patterns but make sure you have STOP LIMIT to avoid major losses.
Enjoy the party till it last...