FinCodeToad

Potential Head and Shoulders and Hidden Bearish Divergence

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BATS:SPY   SPDR S&P 500 ETF TRUST
There is the possibility of a potential head and shoulders forming on $SPY. It does look like there is hidden bearish divergence on the RSI forming on the hourly indicating more selling. Additionally stochastic momentum index is flashing sell. I would wait for the RSI to cross SMA for confirmation, but then I am looking to swing short.

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