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SPDR S&P 500 ETF TRUST

SPY - Cautious: Bearish Divergence

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As noted on the QQQ chart I shared yesterday, I'm noticing some bearish divergence from Price & RSI. Also riding along an upper trendline shown in red. As of now, the lower trendline in green has shown support. We've had 2 instances of similar divergence which resulted in a very fast 2-4 day drop which got bought back up just as fast. Interested to see how this one plays out!
infocusinvesting
bearishdivergenceDivergenceTechnical IndicatorsRelative Strength Index (RSI)SPDR S&P 500 ETF (SPY) Trend Analysis

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bearishdivergenceDivergenceTechnical IndicatorsRelative Strength Index (RSI)SPDR S&P 500 ETF (SPY) Trend Analysis
infocusinvesting

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.