- SPY daily chart is showing negative divergence with the hlep of the RSI indicator.
- But unless the price confirms, the negative divergence can last for weeks without giving any results
- 117.60 levels seems to be a resistance area as 78.6% Fib level also lies here. So one can see a move towards 117.60 levels next week and a pause there to decide the next direction.
- EURUSD: TREND IS YOUR FRIEND