Keegan

Bearish Bat on SPY Hourly

Short
AMEX:SPY   SPDR S&P 500 ETF TRUST
RSI exiting overbought with a complex structure. Watch for the upside closely - with an extended period of bullishness at this point and a complex structure on the upside of RSI price is likely to bounce back up quickly once it breaks the corrective trend. That's thinking a couple steps ahead though. Let's see if price makes it's way to the .382 target off of the bat first.

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