SPY Getting ready for reversal... @ $410

٥ أبريل ٢٠٢١

We reached the 406 price target with a new target now 410.
Expect a reversal at that point and take some profits...
Shorts would probably pay as the VIX closes the gap.

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ملاحظة

Plus RSI bearish divergence....

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ملاحظة

Target reached.
This somewhat parabolic moved deserves a cool-off before the next leg up.

Notice that the SPY is at the channel's edge and the QQQ is at a double top. Both reached there the same day.