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SPY, Bearish Rising Wedge

Short
AMEX:SPY   SPDR S&P 500 ETF TRUST
The September high completed a Rising Wedge that was activated by the drop below the lower trendline of the pattern. The target is the beginning of the pattern at 233.76, the target date is November 18. Bearish Divergences on Stochastics and RSI improve the potential of the pattern. Prices must hold below the September high, 302.46.

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