IWL - Technically Speaking: Monthly 'Buy Signal' Say Bull Is Back? But For How Long?

Just recently, there have been numerous "bullishly biased" analysts and bloggers discussing the turn up in the monthly MACD indicators as a "sure sign" the bull market rally is set to continue.

While "bullish buy signals" on any long-term indicator is indeed a positive sign, there are a few "warning labels" which must also be considered. For example:

1. Since these are monthly indicators, the signal is only valid at the end of the month. Mid-month signals can be reversed by sharp price movements.
2. No one signal provides any "certainty" about future market outcomes.
3. Time frames

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