Its MACD or Moving Average Convergence Divergence was at a negative 28.749 on Friday (bottom portion of the chart) and has increased to a negative 26.6 on Monday morning.

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While the market could continue to rise the indicators that show short-term overbought conditions such as the RSI (Relative Strength Index) and the MACD (Moving Average Convergence Divergence) are both solidly in overbought territory.

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Adding an additional indicator, such as the moving average convergence divergence (MACD), to time market entry and exit further improves returns.

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Of course, in very strong bull or bear markets, we must rely on technical indicators that can stay with strongly trending markets, as momentum indicators like the Moving Average Convergence Divergence (MACD) indicator or Relative Strength Index (RSI) will top or bottom out well ahead of prices.

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There are a number of technical tools that can be used to ascertain trends, such as Donchian channels, the Williams %R oscillator and Moving Average Convergence-Divergence, often referred to simply as MACD.

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