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mcrobbie

SPY at top of wedge

SPDR S&P 500 ETF TRUST (AMEX:SPY)  
mcrobbie Updated   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis
10
1
trendanalysis
SPY has found the top of the ascending wedge it's been following since it exited the last correction in November. I expect it to make it's way back down to find new support.
RSI overbought on almost all timelines.
Comment:
Top Trendline hit on SPX - See related Idea below. If it keep going up, it is brand new territory. Unlikely.

Related Ideas

mcrobbie
Top trend hit, if we go further... it's brand new territory.
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