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sell SPX? Monthly Megaphone Pattern Forming

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S&P 500 Index (TVC:SPX)  
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TVC:SPX   S&P 500 Index
Trend Analysis Chart Patterns Wedge S&P 500 (SPX500) Equity Technical Analysis
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trendanalysis chartpattern wedgepattern spx500 equity technicalanalysis
Buy on rumors sell on news?

SPX looks like forming a megaphone pattern on the monthly and this is ominous.

So becareful about chasing tops here
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