SPY 60 minute divergence in place 02-18-10 - needs momentum in expiration week

The 60 minute chart on SPY is showing a divergence with the MACD, the indicator shows prices should be at  @108, however Feb 108 puts this close to expiration need a powerful catalyst from lower timeframe to offset the time decay. Both the 108 and 110 puts are well down in price today.
 


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