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Does MACD Agree on SPY and YM? (5-minute Charts)
Educational reference. Measured from recorded market data through September 14, 2026. Not a forecast.
MACD measures momentum, as the distance between two moving averages. This page asks a narrower question than the price comparison: when MACD moves on SPDR S&P 500 ETF, does it move the same way on E-mini Dow?
| Bars where MACD moved on both | 2,102 |
|---|---|
| … and moved the same direction | 1,265 (60.2%) |
| Price correlation, same period | +0.619 |
MACD disagrees more than price does. Prices correlate at +0.619, which would suggest agreement near 71%. MACD manages 60.2%. The two markets move together while this reading does not — the gap is where a divergence setup would show up.
Why this is not the same as the price question
Two markets can move together while their momentum, trend strength or volatility do not. A reading that agrees far less than price suggests is exactly where one market is losing steam while the other keeps going — and a reading that agrees more is tracking something shared that direction alone does not capture.
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