TradeVulture
Short

SPY: The Scariest Technicals that I have ever seen.

AMEX:SPY   SPDR S&P 500 ETF
578 3 8
We have a leg start all the way back from 1995 that has not been tested. All of the other significant leg starts have been tested over the last two crashes in 00 and 08. Each time during distribution, immediately prior to the leg down "crashes" both MACD and RSI flashed warning signs, showing divergences. I've drawn some levels of significance. 46 is probably going to get tested, which I hope isn't the end of the world as we know it.
goodguy PRO
2 years ago
Great chart. Thanks. Goodguy.
Reply
Jefftri
2 years ago
interesting how RSI diverged on 1-1-2014 but MACD did not confirm then. They both do now.
Reply
TradeVulture Jefftri
2 years ago
RSI period is set faster.
Reply
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