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francisc11219

S&P 500 in Overbought Territory. Diverge with RSI

Short
SPDR S&P 500 ETF TRUST (AMEX:SPY)  
francisc11219  
AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Support and Resistance Seasonality
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trendanalysis supportandresistance seasonality
The SPY has been in overbought territory for a considerable amount of time. It has made all time highs while common indicators like RSI, MACD and OBV are making new lows and diverging from the current price trend. There hasn't been major pullbacks in the year and the market may be poised for a pullback in the short- medium term.
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