SPDR S&P 500 ETF TRUST
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SPY shows signs of topping out

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SPY hits all time high throwing multiple signals that the rally is coming to a close

  • Following long term trend, we see we are at same resistance as July hit before reversing
  • declining volume as recent rally continues gives a bearish signal
  • OBV remains flat while price hits higher highs through out September and October


We should expect to see a reversal in the near future. The best move to make right now is tighten up stop losses and keeping watching for more bearish signals.

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