DRiddick43

Weekly Pattern on Spy

Short
AMEX:SPY   SPDR S&P 500 ETF TRUST
To those that dont know whats been happening heres my analysis,(1) on the weekly chart we are in a rising wedge as shown, (2) we rejected the weekly supply and its loosing steam. I was hoping a rejection off 415 but it looks like it wasnt stong enough to push past 410. Trade safe and be aware of whats to come. If anyone else has a different input then please share.

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