at

SPY(4h) - 4 hr RSI chart short signal

Short
at  
BATS:SPY   SPDR S&P 500 ETF TRUST
0

I've posted this indicator alert few times before, for the past 2+ years a 4 hour RSI overbought has been a good indication of short term market top. Failed once as pointed out on the chart. We are at the channel high but the MM target is still a little higher so maybe a day or two before we see a turn lower. Lets see if the signal works again

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.