There is plenty of room for MACD to go lower and still stay in the channel.
current MACD is showing a hidden positive divergence, but again, the price can make new lows while MACD a higher low.
Beyond Technical AnalysisTechnical IndicatorsmacdivergenceSPX (S&P 500 Index)S&P 500 (SPX500)spx500analysisspx500forecastUS SPX 500spxanalysisTrend Analysis

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