We can notice that the negative divergence between SP500's price and its RSI remains intact and becomes quite long (1.5months). For sure it can hold on for some time, but it can't last forever.
On top of this negative divergence on the RSI, our Sigma Trading Oscillator has just generated a negative divergence between price and trend.
Our turnover index remains in sell territory
With all these negative divergences, we see no reason for cutting our short position on the S&P500 (average price 1285.9).
Have a nice trading day,
