Bearish Divergence Starts Showing Up As S&P Tests Formidable Resistance

bearish divergence starts showing up as S&P moved up to test formidable resistance at the lower boundary of the red band.  Technically speaking, this is a sign that the rally may be mature and stocks are, therefore, at risk to a serious correction.  As for strategy, traders should consider reduce exposure into intraday bounces or at least buying downside protection for winning positions