Skeksis76
Short

Interesting Formation

SPCFD:SPX   S&P 500 Index
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Interesting to find these three major trend lines intersecting at this point in time on a log scale monthly SPX chart. For some reason I feel this intersection is significant notwithstanding the fact that we poked through the upper portion of the formation. I have a small SPY short position on right now even through I do not usually trade in the opposite direction of the market, more of a speculative play just for fun...
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