SPY: Oversold and Hidden Divergence?It is still too early to be a buyer, and even as buyers it still would be small positions with limited risk, as we can see a similar
setup was happening in 2008, where SPY created hidden divergence but it failed and the Stochastic buried itself in oversold
for more than a year. The very same situation could happen now, but I expect a short term bounce, before it moving to the 200
MA monthly at 231 or so. The alternative is the market is bought and the bounce is longer, perhaps double top, and then fall,
and the third alternative is it rises and creates a higher high which would be bullish. Any way it turns we can be prepared,
For now I recommend cover any short positions in most assets.
