Swing Trading Today | QQQ & SPY RSI Negative Divergence 4 Hour Chart

In Swing Trading Today we are seeing the S&P 500 and the NASDAQ press higher on a 4 hour chart in the pre-market but the Relative Strength Indicator or RSI is putting in a negative divergence. Remember that the RSI is a leading momentum oscillator and can forecast future price movements on the charts. The US Dollar is now breaking down on a 4 hour chart putting in lower highs and lower lows. This should be good for commodities such as gold, silver and oil prices which all show stock charts which are favorable from a technical analysis perspective. If you decide to trade stocks consider keeping stops tight to ensure that you maximize profits and minimize risk as a swing trader.

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****Symbols Are Reviewed In The Sequence Below*****

$SPY

$QQQ

$UUP

$SLV

$GLD

$USO

$BTC.X

$HON

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