SPDR S&P 500 ETF TRUST
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SPY forming ascending wedge

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Multiple ascending wedges and one rising channel formed after market volatility today pre and post Powell.

Possibilities:

1. We sell off tomorrow and gap down in the morning. (my expectation)
2. We ride the pattern and break down/out on Friday morning.
3. We ride the pattern and make it to the end of the week within the wedges/channel and sell off on Monday.
4. We continue the momentum and FOMO also kicks in and we rally tomorrow.

Aviso legal

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