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SPDR S&P 500 ETF TRUST
Updated

Anouther Perfect Triangle

292
After breaking out of the upward wedge, we see a perfect triangle formation start shortly after an ABC correction. Lets see if it breaks down tomorrow.
Note
Since this didn't work out, I am now of the belief that the B in this triangle is actually wave 4 of the impulse I had pointed out in my last analysis of SPY "a very dirty wedge." This would mean that we have another rally before the breakdown begins :)
Bfeller
Chart PatternsTechnical IndicatorsSPX (S&P 500 Index)SPDR S&P 500 ETF (SPY) Wave Analysis

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Chart PatternsTechnical IndicatorsSPX (S&P 500 Index)SPDR S&P 500 ETF (SPY) Wave Analysis
Bfeller

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.