AMEX:SPY   SPDR S&P 500
161 1 2
Price has gotten quite "frothy" above Turning Point D. Pattern is invalid, but this is frightening.

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You can't go down unless you distribute... we are going higher... Not sure what your fib lines are trying to out line/say... Look at higher time frame.... Momentum is strong and zero distribution has occurred... This is not the time to go short... 20 year accumulation range... Take a look at where the PNF chart takes us... It almost never fails...
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