rubindr

Distribution pattern

AMEX:SPY   SPDR S&P 500 ETF TRUST
Very bearish long term technicals in the SPX. There is a topping pattern forming. On Balance Volume OBV shows a clear distribution pattern. As profit taking smart money is offloading their stock greedy irrationally exuberant investors. Moreover there is a bearish divergence in RSI. If OBV breaks down the the downtrend should begin

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