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MrMercato

possible scenario (diamond pattern)

S&P 500 Index (SP:SPX)  
MrMercato Updated   
SP:SPX   S&P 500 Index
Trend Analysis Chart Patterns Technical Indicators SPX (S&P 500 Index) SPDR S&P 500 ETF (SPY)
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trendanalysis chartpattern indicator spx spy
Please note:
- I'm just sharing my view. it's not a recommendation for buying or selling.
Comment:
A diamond top formation is a technical analysis pattern that often occurs at, or near, market tops and can signal a reversal of an uptrend. It is so named because the trendlines connecting the peaks and troughs carved out by the security's price action form the shape of a diamond.
“The fact is that if traders really believed that anything could happen at any time, there would be considerably fewer losers and more consistent winners.”
― Mark Douglas, Trading in the Zone
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