Ape
Short

SPY, Short the negative divergence

BATS:SPY   SPDR S&P 500 ETF
144 0 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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