We have a strong divergence forming in the RSI. I'll be watching this formation closely looking for an entry point.
If the RSI breaks out of the ascending wedge, it looks like a short opportunity.
I'll also contemplate an entry if that RSI wedge gets near completion.
While this is a SPY chart, QQQ puts are also on the menu.
If the RSI breaks out of the ascending wedge, it looks like a short opportunity.
I'll also contemplate an entry if that RSI wedge gets near completion.
While this is a SPY chart, QQQ puts are also on the menu.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.