Bearish Divergences on $SPY
There are 4 Bearish divergences on the stock market which could upset the Buy and Hold Bull crowd.
1. Margin Debt is reaching an extreme. Leverage is a double edge sword and can exacerbate sell-offs, leading to deeper than expected market pullbacks.
2.Negative divergence in New 52-Week Highs. We are hitting new highs however the 52 week highs are not confirming
3. Only approx 70% on the % of NYSE stocks are their above 200-day Moving averages
4.Divergence in the momentum indicators such as MACD. Hitting new highs however momentum indicators are not confirming
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Past performance is not indicative of future performance