christopherbrecher
Short

Bear wedge in SPY. Watch the COMP RSI.

AMEX:SPY   SPDR S&P 500
215 0 2
Another bear wedge playing out in the SPY             . But every time the COMP RSI gets this oversold, we get a snap back rally. A weak rally, that only gets the RSI back to around 50, is what the bears need to see the SPY             dip to 196.
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