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Dr_Roboto

S&P 500 Exhaustion gap up or melt up???

iShares Core S&P 500 ETF (AMEX:IVV)  
Dr_Roboto Updated   
AMEX:IVV   iShares Core S&P 500 ETF
Trend Analysis Chart Patterns Wave Analysis SPX (S&P 500 Index) SPDR S&P 500 ETF (SPY) DJI NASDAQ 100 CFD
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Note that it stopped at S/R line this morning. This is just a touch above the 0.618 fib level between recent bottom and ATH. Is it going to rally past and melt up or was this a last gasp before correction?

Close up.
snapshot
Comment:
At teh 1H, RSI oversold, MACD up with previous highs. Feels a lot like the end of August.
snapshot

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