codypd
Short

Potential price/RSI divergence on SPX

FX:SPX500   S&P 500 index of US listed shares
137 4 2
Worth watching 4 hour chart.

The candle we are in needs to finish and the next needs to paint lower for the RSI /price divergence to confirm which would mirror the same divergence of April 4th / 5th.

This one is at long term resistance and we are only 40 pts from the all time high.
ProBucks
7 months ago
intersting. so maybe 2040 end of week?
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ProBucks ProBucks
7 months ago
Volatility isn't really playing along though. I know the roll is wednesday but still.
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codypd ProBucks
7 months ago
Not sure what is going on, frankly. Looks like a complacent, overbought market. But seems every time many position for a catalyst we see yet another short squeeze.
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ProBucks codypd
7 months ago
Agreed. There were quite a lot of institutional call buying this morning in UVXY. I think they were expiries for this week so maybe we get a bit of vol pick up this week. That would be ideal.
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