SPY Hidden Bearish Divergence is Back
Very clear on the 1 hr and now 4 hr charts for some hidden bearish divergence (possible continuation of trend) which was selling. We hit the .382 fib from previous high to low. I am buying puts for my next target which is the .382 fib to the downside around 306-305 area.
It is possible that we move slightly higher to the .50 or even hit a full measured move of the possible falling wedge but i have what i need to start shorting
It is possible that we move slightly higher to the .50 or even hit a full measured move of the possible falling wedge but i have what i need to start shorting
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