Biggest rising wedge ever - huge drop imminent
Updated
SPY is in a huge bearish rising wedge which will be broken sooner or later. The more it go inside of the pattern the more drop will be stronger.
SPY's bearish divergences on RSI and MACD indicate drop is almost certain
SPY's bearish divergences on RSI and MACD indicate drop is almost certain
Note
We are breaking down from rising wedge. If we dont close green today, which odds are small, SPY will face huge drop next several weeks.
Consistency is the key of success....
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