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SPDR S&P 500 ETF TRUST
Short

SPY is Within a Few Points of the 1.618 Fib

By Hedge_Of_The_World
SPY is within a few points of the 1.618 Fib (over) extension. Are we finally seeing the top on SPY? Who wants to buy at these levels? With QQQ forming a possible double top, RSI's of 70 - 80 across multiple timeframes and indexes, everything and the moon priced in, we can't be far from a correction now. The question is, what happens when dumb money gets trapped at the ATH, and hold for the bounce that never comes...
Chart PatternsDXYTechnical IndicatorsIWMQQQSPX (S&P 500 Index)S&P 500 (SPX500)SPDR S&P 500 ETF (SPY) Trend AnalysisUS10YUVXYVIX CBOE Volatility Index
Hedge_Of_The_World

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