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SPDR S&P 500 ETF TRUST
Long

SPY Ascending Triangle pattern AND Rising Wedge

116
SPY Printing a nice ascending triangle pattern along a rising wedge. Could go either way as marked out but considering last weeks action the time for the rally of santa is here as we head into the day of the great Turkey. Some fat wall street bankers have to cover and generate returns they keep pushing people out of positions just to buy them up. Very likely we set a new ATH on SPY this week. We just as easily could reverse as rising wedges tend to be bearish signals.
Paul_Hodls
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Ascending TrianglePennantRising WedgesantarallySPDR S&P 500 ETF (SPY) spylongTriangletrianglebreakwedgebreakoutWedge

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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Ascending TrianglePennantRising WedgesantarallySPDR S&P 500 ETF (SPY) spylongTriangletrianglebreakwedgebreakoutWedge
Paul_Hodls
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.