insyyte

Waiting for divergence

Long
AMEX:SPY   SPDR S&P 500 ETF TRUST
SPY closed strong last Friday and finished with a gain of 2.56%.

ES futures are again perking up +20 handles as of now.

Same old story. SPY remains bullish.

RSI above 70% and can get higher.

Looking for the next two weeks to develop divergence in indicator for sign of weakness.

But currently, all systems go for bulls.

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