Do you see that smallish hump above the centerline on Chrysler's MACD Histogram indicator graph that occurs in mid-April? That's a bearish development. Why? Because the hump is smaller than the preceding hump above the centerline, yet prices are higher. In other words, there is a divergence between the events on the price graph and the Histogram. On the price graph we are seeing new highs, yet on the MACD Histogram, quite a small hump is being traced.

Does this mean that mid-April's short green bar is bogus? Not entirely. The green bar was born when there was quite a bit of up volume, as indicated in blue on the Volume graph (which in this case was treacherously deceiving). You simply can't be sure what is going to happen next when dealing with the right edge of any graph, and the bullish green bar above the price graph does terminate correctly after the retracement begins.