mojeauxgrey

SPY Rising Wedge - Near term (next week) bearish

AMEX:SPY   SPDR S&P 500 ETF
31 0 0
Rising Wedge with a false breakout (algo/HFT related to FOMC ) over 200
I suspect next week it will breakdown. I would actually put in a buy at ~187 or 183 with a stop at 181. Below 180 though we are looking at a Bear market.
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