SPY has now been in a rising trend, but is the trend over now? We now see in the graph, that it has made a double peak, which is a very strong sales signal, something could indicate that it should be sold out now. Generally, the whole market is in a bad trend, this week. And a double peak, is never a good signal, and I think we see a decrease in SPY now, based on the double peak that has been made.
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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.