chart: SPY vs Hi-Lo 10DMA

The 10 Day Hi-Lo has created a triangle pattern.
When the SPY makes a higher high while the 10 day Hi-Lo starts to drop, be on watch.  In the past divergences appear at most turns in the market.  At the very least, the 10 day Hi-Lo develops lower highs and lower lows at or near tops and higher highs and higher lows at or near bottoms.  
But here we have a triangle pattern and right now there is no indication if it will break out of this pattern up or down.  But it is getting closer to the vertex.  So a break out should happen very soon.




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This has been posted for Educational Purposes Only.   Do your own work and consult with Professionals before making any investment decisions.  
Past performance is not indicative of future results