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SPDR S&P 500 ETF Trust
Short

SPY: Descending Triangle

279
Directly after breakout out of an ascedning wedge pattern, the SPY is not forming a descending triangle. This is a bearish formation that is corroborated by weak indications from RSI, MACD, and Stochastics
AdamParmer
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Descending Trianglesp500indexS&P 500 (SPX500)SPDR S&P 500 ETF (SPY)

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Descending Trianglesp500indexS&P 500 (SPX500)SPDR S&P 500 ETF (SPY)
AdamParmer
Also on:

Related publications

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.