RSI 14 cannot follow the SP500 record highs... This is a clear sign that the uptrend is exhausting and reveral is coming.
Yesterday record bar also closed near the lows meaning that this SP record was more an opportunity to sell rather than keep pushing higher.
I have played this trade with SPY put 287 - 28 Sept @3.95
There is a small VIX bullish divergence on RSI, while reaching support trend line. Stochastics are about to turn as well.
The divergence is small but if you look at the DJ, it is hitting the resistance line formed by highs on 26 January and 11 June (not shown on this graph). This suggest a DJ reversal which will push up VIX. This is why i put more confidence in...
Daily bullish RSI(14) divergence, usually gives good signals. EUR/USD tested lows today and is about to close on the top range which is another confirmation signal. Stochastics are about to turn bullish as wel.
Seems all is in place to EUR strenghtening at least on the Technical side (Italy's problem set aside).
Enjoy
![UVXY: [VIX] - RSI 14 Bullish Divergence](https://s3.tradingview.com/g/GANOyUQV_mid.png "[VIX] - RSI 14 Bullish Divergence")
