penender123

Very bearish short-term.

SP:SPX   S&P 500 Index
The 1hr,2hr, and 4hr MFI/RSI divergence is crazy high, and you can see this divergence all among DJI, SPX and IXIC. Plus, the dip and jump back up is quite fishy. If the market close as-is (2723) or lower, I would expect spx drop to 2650, nasdaq drop to 7060 in a week or (at maximum) two. If the RSI/MFI divergence disappears, then I am wrong and will exit my put position (just entered spy 255 sept 28 puts)

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