leongaban

Divergence on 1HR MACD SPY Futures

Short
CME_MINI:ES1!   S&P 500 E-mini Futures
This month I've taken several losses on my SPY PUTS, but still holding my 7/17 $250, we're seeing strong divergence on the MACD. Big signal that this counter bull rally is losing steam, also a lower high set after rejection from the Golden Ratio set from original March drop.

Playing more bullish positions with tech stocks TSLA, PTON (check out DumbMoneyLive on YT's research on Peloton), SQ, but still playing bearish on SPY, but options expiries are further out now.

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