Bearish Bat on SPY Hourly

4 Eyl 2017

RSI exiting overbought with a complex structure. Watch for the upside closely - with an extended period of bullishness at this point and a complex structure on the upside of RSI price is likely to bounce back up quickly once it breaks the corrective trend. That's thinking a couple steps ahead though. Let's see if price makes it's way to the .382 target off of the bat first.