SPY - RSI making higher lows

SPDR S&P 500 ETF TRUSTArca

Description

⋅ Feb 5, 2015 1:20 AM

Comments

techxtrader

⋅ Feb 5, 2015 1:31 AM

You should match highs to highs, though, not highs to lows. ;-) And look at weekly chart - negative RSI divergence with SPY highs.

seine

⋅ Feb 5, 2015 2:51 AM

I was trying to compare the straight bottom and the lows of RSI. :)
but you are right otherwise. The weekly one gives a good view too.