$SPY - Common Aspects in Previous Tops
$SPDR S&P 500 ETF Trust(SPY)$ - Common Aspects in Previous Tops
The four latest pullbacks or corrections have presented these technical conditions:
1) A weekly indecisive candle (a small body)
2) Weekly RSI at or above 70 (the last three tops)
3) Overbought Stochastic RSI
None of them apply as of today, in addition the RSI divergence has been invalidated as circled in green.
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