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Short

SPY(4h) - 4 hr RSI chart short signal

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BATS:SPY   SPDR S&P 500 ETF
714 0 0

I've posted this indicator alert few times before, for the past 2+ years a 4 hour RSI overbought has been a good indication of short term market top. Failed once as pointed out on the chart. We are at the channel high but the MM target is still a little higher so maybe a day or two before we see a turn lower. Lets see if the signal works again
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