Again, i see the SPX overload at rsi and cci, and see the formation of an ascending broadening wedge pattern. The problem is the next: if the hypotesis is right the AMEX:SPY (or spx) can are entering into a mega bearish breakout.
Target 1: 1810
Comments, Suggestions, Corrections. They are always welcome!
I think your correct but we shall see ..I dont understand how people remain bullish with a clear DOWNTREND in effect ..Long term crossovers happening everywhere ..Im only growing into a seasoned trader but if this doesnt break down it will make me reeavulate everything I thought Tech analysis was about.