SPY Might Dump Massively
It may be an unpopular opinion, but we see the SPY and thus the SP500 dumping massively.
This hidden bearish divergence is enormous and it would almost be a miracle if it is resolved without a sudden, sharp price drop.
This hidden bearish divergence is enormous and it would almost be a miracle if it is resolved without a sudden, sharp price drop.
Trade closed: stop reached
Will get stopped with opening bell. But short is not off the table. Elder Force Index shows massive weakness in this rallye. Be prepared....
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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.