@Mike_Rotsch Even if divergence patterns work on SPY (which they don't, if you backtest them on daily and intraday timeframes, they fail a lot), monthly RSI is rising on your chart. So no need to be bearish this month based on your chart.
@Intercept And for monthly RSI . . . eh, you can't use a broad indicator for precision predictions. What you can do, is establish the bias, based on the indicator's bias.