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SPY- RSI Fun

Short
SPDR S&P 500 ETF TRUST (AMEX:SPY)  
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AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Chart Patterns SPDR S&P 500 ETF (SPY) SPXU S&P 500 (SPX500) spdr
4
3
trendanalysis chartpattern spy spxu spx500 spdr
Just a fun little exercise.

If this RSI were the Price, and we retraced all the way back up to the old breakdown support, wouldn't this be the place to short and look for the market to fall?

* not saying this is the top of the bounce, but certainly, something to consider.

* BTW we do have bearish divergence on the 15 min, in a bear market that is significant.

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