Get started
ivanbrian9

SPY keep an eye on bearish divergence from MACD. RSI high

SPDR S&P 500 ETF TRUST (AMEX:SPY)  
ivanbrian9  
AMEX:SPY   SPDR S&P 500 ETF TRUST
Technical Indicators Chart Patterns
5
1
indicator chartpattern
SPY making more record highs. All looks good above $420, resistance is at $447. The MACD is giving a bearish divergence. It is not making new highs but the price is. Keep an eye on this next week and if RSI goes overbought as well it gives a stronger sell signal.
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.