Ape

SPY, Short the negative divergence

Short
BATS:SPY   SPDR S&P 500 ETF TRUST
0
The Spy has begun to display negative divergence in the stoch and RSI . As price advancement has created a new high, technical indicators such as MACD have failed to create new highs to confirm the uptrend. Now that divergence is being formed it is reasonable to expect a pullback to at least the current trend line between 147-148.

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