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SPY has been in overbought territory for a considerable amount of time. It has made all time highs while common indicators like RSI, MACD and OBV are making new lows and diverging from the current price trend. There hasn't been major pullbacks in the year and the market may be poised for a pullback in the short- medium term.
SPY has been in overbought territory for a considerable amount of time. It has made all time highs while common indicators like RSI, MACD and OBV are making new lows and diverging from the current price trend. There hasn't been major pullbacks in the year and the market may be poised for a pullback in the short- medium term. 
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