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rg_trader_investor

Divergence showing in the SP500

Short
S&P 500 Index (SP:SPX)  
rg_trader_investor  
SP:SPX   S&P 500 Index
Moving Averages
6
3
movingaverage
While the SP500 is making new highs, the number of the SP500 stocks above their 50 days line is trending down. This is indicative that the move higher is not being supported. I would expect a correction in the next few days.
I am short SP500.
Keep it simple: price action and volume
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