Jake Wujastyk: Weekly MACD for ES_F, SPY, SPX faces potential downside cross

Jake Wujastyk: Weekly MACD for ES_F, SPY, SPX faces potential downside cross
MACD cross tests ES_F, SPY, SPX trend

Jake Wujastyk, founder / CEO at TrendSpider, observes that the weekly MACD indicator recently crossed to the downside for ES_F, SPY, and SPX.

He points out that the last time this technical signal appeared, it turned out to be a fake out, raising the question of whether the pattern will repeat or if this move marks a true directional shift.

Wujastyk previously identified an inverse head and shoulders pattern and a MACD cross on MSFT's daily chart, highlighting potential shifts in trend direction in an earlier analysis. He also suggested that drones are a key trend, noting persistent interest in ONDS shares and his intent to build a larger position at lower prices in a separate note. These analyses reflect his focus on technical signals across sectors.

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