SpreadEagle71

cci 50% retrace from last divergence.

Long
SpreadEagle71 Updated   
AMEX:SPY   SPDR S&P 500 ETF TRUST
See below. Testing out a hypothesis that the 50% level of the last major divergence drawn to the start of the current (or evolving) one means "activation". See chart below
Comment:
See also the VXX which if it gets to around 35.50 could mean a major reversal for the indicies (spy and spx500) and the rest of the market.

www.tradingview.com/x/erF1NGGl/
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