Potential price/RSI divergence on SPX

FX:SPX500   S&P 500 Index
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.
intersting. so maybe 2040 end of week?
ProBucks ProBucks
Volatility isn't really playing along though. I know the roll is wednesday but still.
codypd ProBucks
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.
ProBucks codypd
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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