SP500 turns on the yellow light and US Investors need to be care

23 Ağu 2018

Daily chart trading in a wedge with a bearish divergence in the RSI, showing that the trend has less momentum. However, the divergence does not mean that the price will reverse and start a selloff in the next days. In other words, the divergence means that the trader needs to carefully behold the price movement and wait for a reversal confirmation (maybe move their stops up in their stocks positions to protect the current profit in case of a fast and volatile downward movement). The RSI has a bearish divergence in the weekly chart as well.