S&P / SPY Analysis. Shorting opportunities
SPY not showing strength . Bearish Gartley has completed. Any run ups into the 1.618 extension should be sold. This will still be valid Gartley territory.
Divergence on the RSI
On Balance Volume has not been able to make up volume lost from last week and has broken it's short term trend line.
MACD crossover and short term momentum has swung to the downside.
Divergence on the RSI
On Balance Volume has not been able to make up volume lost from last week and has broken it's short term trend line.
MACD crossover and short term momentum has swung to the downside.
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