Technical analysis by fishguru73 about Symbol SPYX: Sell recommendation (6/23/2024)

Moonbois due to get the biggest disappointment since 1929 unless the top trend on the monthly RSI is broken and invalidated. Given the bearish divergence forming on the SPX in the monthly time frame, the hammer candle on the NDQ, and the 10 yr bonds back testing a potential break out, being all in on the market at this point is just dumber then a box of rocks. There is a potential for Nvidia to take a bounce off of the .786 on the hourly and put in a shoulder but momentum is visibly turning negative and I don't recommend anything other then taking quick swings.