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Short

SPY(4h) - RSI update

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BATS:SPY   SPDR S&P 500 ETF
294 0 0

I was looking at this chart again, RSI patterns from overbought to match past behavior. Looks like Fridays price action could be interpreted more like a double top here. See the rectangle with red box outlines. The RSI peak and a bounce up followed by a very sharp price decline. I doubt that we'd crash like in 2011 but with the weak bull last week we should see some continuation this time around. Just my 2cents
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