SPY - RSI Divergence
We have a strong divergence forming in the RSI. I'll be watching this formation closely looking for an entry point.
If the RSI breaks out of the ascending wedge, it looks like a short opportunity.
I'll also contemplate an entry if that RSI wedge gets near completion.
While this is a SPY chart, QQQ puts are also on the menu.
If the RSI breaks out of the ascending wedge, it looks like a short opportunity.
I'll also contemplate an entry if that RSI wedge gets near completion.
While this is a SPY chart, QQQ puts are also on the menu.
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