AMEX:SPY   SPDR S&P 500 ETF
223 3 5
SPY             ,first warning signs
TheTechnicalRoom
3 years ago
Great Chart...The retail investor still hasnt come back fully since the crash. Lost a volume hidden by HFT as well. Just my thoughts. Cheers
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Rubens
3 years ago
why should the really be in danger? smart money has decided to go long ( volume peak ) - till no significant volume change happens, its long QQQ
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CurtisM
3 years ago
Thanks for putting up the chart. Made me go back and look at $SPX monthly. I noticed, too, that we also have negative divergence with CCI. However, and what may prove to be more important, CMF is moving up and confirming the current move while CCI is lower now on the monthly $SPX chart than it was in November. The last time CCI diverged from the market in the monthly time frame was back in February of 2011 and in May of 2011 the markets went into a serious decline. That CCI divergence took several months to play out and if CCI does prove to be predictive in the current market, then we still probably have several months left in this particular rally leg. Also, CCI could rise above the November level between now and next Tuesday's close making the current negative divergence null and void. But if CCI does not rise above November's level then this would be a red flag and something to monitor over the next couple of months, IMHO, of course. GL
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