SPY ,DOWNTREND IS POSSIBLE
HI TRADERS
As you can see in chart, SPY make a new top again and again and and going up and up .this is clear
The point that i want to talk about is RSI which is opposite of price movement and can not break the high and make a lower high .i indicate both of them with yellow line .
It is a bearish divergence that can be start of a downtrend for SPY .
Be careful and WEAR MASK.
Good Luck and Good Profit
As you can see in chart, SPY make a new top again and again and and going up and up .this is clear
The point that i want to talk about is RSI which is opposite of price movement and can not break the high and make a lower high .i indicate both of them with yellow line .
It is a bearish divergence that can be start of a downtrend for SPY .
Be careful and WEAR MASK.
Good Luck and Good Profit
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.