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Black_Sheep1

SPY QQQ HYG Divergence again

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S&P 500 Index (SP:SPX)  
Black_Sheep1 Updated   
SP:SPX   S&P 500 Index
Trend Analysis Chart Patterns Beyond Technical Analysis QQQ SPDR S&P 500 ETF (SPY) HYG marketanalysis pullback Bearish Patterns stockmarketcrash rugpull
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trendanalysis chartpattern beyondta qqq spy hyg marketanalysis pullback bearish stockmarketcrash rugpull
I’m not sure if SPX/HYG divergence is reliable moving forward, but this indicator has proven pretty effective last year. We are currently diverging again, last 3 major divergences created pull backs of -17%,-13%, -21%

Any thoughts from my fellow analysts?
Any other divergence indicators you can share with high probability?

Good luck to all
Trade active:
Last time we had this divergence the market fell 20%

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Trade active:
Divergences are playing out. Will SPY Find Support at 20MA or 50MA

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Comment:
is SPY going to mirror previous Rally to New Highs? Current Move is same distance as first move.. will retracement go to 50 ma then rally to new highs?
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