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jstephe25
Dec 2, 2020 2:28 AM

SPY - Rising wedge and indicator divergence Short

SPDR S&P 500 ETF TRUSTArca

Description

Charts look like there is a rising wedge from the March rally while RSI/MACD also showing divergence. Possible trend reversal in the near future
Comments
samitrading
we just started wave 5 of march's low. we still have room up unless we get truncated 5th wave. we are about to pass 4000.

wish you all the best.
ARCHIDUKE
its not going to 300 bra come on ne honest with yourself
jstephe25
@ARCHIDUKE, $335 was my initial target but idk. I think it could possibly go lower over the next several months.
ARCHIDUKE
@jstephe25, in my opinion there is too much liquidity in the sidelines for there to be such a massive sell off to 300, 320 is proving to be massive support also
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