Ford, daily
Summary
Ford is arguably a very reasonably representative of the wider market. Its seen a very strong run since the post election Nov' 2012 lows, rallying from around 10.50 to 14.25.
The current down cycle is very likely just a natural retracement.
Only if Ford breaks <11.75, should the long term bulls get concerned. It makes for a stop level after the six month rally.
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Bulls should look for a less negative (rounded) tower on the MACD (blue bar histogram) within the next 2-4 days. If that's the case, it bodes well for Ford..and the broader equity market into March..and the spring.
