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cloud9futures

SPY Bearish Divergence

Short
SPDR S&P 500 ETF TRUST (AMEX:SPY)  
cloud9futures  
AMEX:SPY   SPDR S&P 500 ETF TRUST
Technical Indicators Chart Patterns
11
6
indicator chartpattern
Chart Event: Medium-strong RSI+MACD Divergence on 65m chart.

Confluence: 50% Fib retracement key level. MACD narrowing and buy volume decreasing.

Trade Idea: Put swings

Contract suggestions:
Best: 4/01/22 440P @ 5.25
Risky: 3/25/22 441P @ 3.44

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