Hourly chart ...
SPY price is moving downwards(1) , however stochsatic is not registering that ... rather it is going up ... This is bullish divergence
wait for a confirmation like price close above that blue line (dsma 40) as a green candle (i.e close > open ) or wait stochastic pull further above 30 line ...
On Jan 5th also I have found and...
See my earlier post on DSM.
Price has reached (earlier than expected) its target Long on warning line of previous trendchannel (and has confluence with Upper Median Line of Pitchfork (in green).
For me this is a logical location for price to reverse (for at least a bit).
My bias is therefore short.
With Targets:
1.€ 82,50 - 83
2. € 75 - € 77
3. € 67 - 67,50