APosner
Long

$SPY avoids bearish reversal and extends rally

AMEX:SPY   SPDR S&P 500
The overbought status on the Stochastic and Dragonfly Doji candlestick pattern can give a trader reason to expect a reversal but none here. The big green candle means the rally is still moving prices higher and the lack of a crossover on the stochastic shows how price is overbought but can stay that way for a while.
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