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SPDR S&P 500 ETF TRUST

SPY at top of wedge

By mcrobbie
Updated
SPY has found the top of the ascending wedge it's been following since it exited the last correction in November. I expect it to make it's way back down to find new support.
RSI overbought on almost all timelines.
Comment
Top Trendline hit on SPX - See related Idea below. If it keep going up, it is brand new territory. Unlikely.
Trend Analysis

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