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stantrader

SPX - Divergence leads exhaustion, exhaustion leads correction

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SPDR S&P 500 ETF TRUST (AMEX:SPY)  
stantrader  
AMEX:SPY   SPDR S&P 500 ETF TRUST
SPDR S&P 500 ETF (SPY) SPX (S&P 500 Index) spx500short ES
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spy spx spx500short es
We see divergence in the RSI, CCI, and volume on the SPY. I think today's action was simply a retest of the high before trending lower into the Fed meeting. Most likely a retest to 208.
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