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Heretoteach

SPY Bearish Divergence. Out of Steam

Short
SPDR S&P 500 ETF TRUST (AMEX:SPY)  
Heretoteach  
AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Chart Patterns Technical Indicators
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trendanalysis chartpattern indicator
Bearish Divergence is a powerful tool to analyze the chart when the market tops. Market is way too overbought and extended currently. Bearish Divergence at 4h, 2h, and 1h. as well.
This is a textbook short opportunity.
Nevertheless heed with caution as the Market can be irrational.

My first PT target is 438.62

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