Bearish Divergence

Weekly Perspectives – The Psychology of Prediction
July 28, 2019
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July 31, 2019
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Bearish Divergence

I’ll keep this post brief but it’s been a while since I updated the chart of the SPY overlayed with S1FI (number of S&P100 stocks above their 50 day MA).

We’re now seeing a bearish divergence between the # of S&P 100 stocks above their 50 day MA while the SPY tags all-time highs.

No actionable signal yet but with the end of the month approaching it will pay to keep your attention on whether or not the buyers can continue to defend each prior week’s lows.

SPY vs. S1FI – Daily

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Bearish Divergence

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