SPY Bearish Divergence
Chart Event: Medium-strong RSI+MACD Divergence on 65m chart.
Confluence: 50% Fib retracement key level. MACD narrowing and buy volume decreasing.
Trade Idea: Put swings
Contract suggestions:
Best: 4/01/22 440P @ 5.25
Risky: 3/25/22 441P @ 3.44
Confluence: 50% Fib retracement key level. MACD narrowing and buy volume decreasing.
Trade Idea: Put swings
Contract suggestions:
Best: 4/01/22 440P @ 5.25
Risky: 3/25/22 441P @ 3.44
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.