davidshanhun
Short

Short on SPY using daily chart and RSI divergence

AMEX:SPY   SPDR S&P 500
86 0 0
This is the daily chart following up to a long term weekly RSI divergence on the SPY             .

While the peaks of the SPY             went up, the RSI went down. the following day was confirmation, then profit!

This may still play out further down to 202 or 200 as potential profit points, or may have completed it's drop so that the SPY             and RSI are on the same page (so to speak) again and follow each other once more.
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