SPX: it's about time to dive Short

TVC:SPX1D

S&P 500 IndexTVC

Description

⋅ May 17, 2021 2:49 PM

Based on previous divergences between price and RSI it smells like summer may be quite bumpy for S&P500

Comments

poister198

⋅ May 18, 2021 7:02 AM

Nice spot! But wouldnt the divergence be already resolved after the 2% correction last week? RSI now moves in tandem with the candles (found its bottom), signalling strength is gaining?

ProTrading24ru

⋅ May 29, 2021 5:40 PM

@poister198, Divergence had resolved in Oct'18 and in Jan'20 too, but that was just the beginning of the correction.

DaddySawbucks

⋅ May 17, 2021 11:57 PM

yes we got the triple tip in RSI, won't be long IMO