SPY - Bearish MACD Crossover
Most of us agree that 
SPY is overbought. We've seen it bounce off the upper Bollinger Band, only to gain more momentum and hit yet another ATH. Well now, MACD is starting to show some downward pressure. Will it stick? Time will tell. Personally, I'm starting to sell calls a little more closer to the money.
SPY is overbought. We've seen it bounce off the upper Bollinger Band, only to gain more momentum and hit yet another ATH. Well now, MACD is starting to show some downward pressure. Will it stick? Time will tell. Personally, I'm starting to sell calls a little more closer to the money.
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