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SPY DIVERGENCE

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SPDR S&P 500 ETF TRUST (AMEX:SPY)  
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AMEX:SPY   SPDR S&P 500 ETF TRUST
Supply and Demand Support and Resistance Fibonacci Divergence SPDR S&P 500 ETF (SPY) short highprobability
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supplyanddemand supportandresistance fibonacci divergence spy short highprobability
You can see there was momentum going up as price went down which created the bottom and now rising price of SPY. This indicated there was going to be a breakout which there has been but I doubt it will go over the next resistance.

I can’t show you in this post but if I scroll out you could see the FIB levels of the overall swing high/swing low

The past support now resistance level is coming and the 50% fib level is inside which could be a good shorting point

I will be shorting 451 if RSI is oversold and stoch crosses under to 441
Komentar:
stoch staying strong no short taken
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