SPY shows signs of topping out

15 paź

SPY hits all time high throwing multiple signals that the rally is coming to a close

• Following long term trend, we see we are at same resistance as July hit before reversing
  
• declining volume as recent rally continues gives a bearish signal
  
• OBV remains flat while price hits higher highs through out September and October
  

We should expect to see a reversal in the near future. The best move to make right now is tighten up stop losses and keeping watching for more bearish signals.