AndrewRoupas

SPY Future Prediction of next week/next couple of weeks outlook

Corto
AMEX:SPY   SPDR S&P 500 ETF TRUST
As we can see from using RSI and focusing on the "M" shapes that have been created in the past week - new highs were established and pushed through resistance in between, using this train of thought and also using the MAC D indicator focusing on divergence we see the blue line crossing below the orange line - signaling a selling point and a future divergence in a drop of price. While the last week was truly historic I firmly believe that momentum is going to be lost and that within the near future we will see a significant drop in price and the RSI create a "W shape" as the price drops.
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