Things aren't looking good for the SPY - bearish divergence on both the RSI and OBV RSI, with very concerning volume and selling patterns as of late. This week did not end well, and may be confirming a head and shoulders at the top. Looking for the levels circled in green, but it may take time...
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.