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ratchet-mint
Feb 28, 2019 5:27 PM

SPY breaks below its 3 month rally but signals more to come. 

SPDR S&P 500 ETF TRUSTArca

Description


SPY has clearly broken downward outside its 3 month long trend rally and is now trading mostly flat. Despite losing its running streak the RSI has gone from overbought into neutral range while price action trades flat. This gives us a signal that buying strength remains stronger than selling.
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