SPDR S&P 500 ETF TRUST

SPY - Bullish Divergence on the Fear and Greed Index

392
Fear and Greed Index just formed a double bottom.

Yesterday's price bottom was right in the middle of:
1. The 38.2 fib retracement from bottom to top
2. The 100% fib extension from the top to the most recent swing high

The wedge is only broken by a wick on the weekly chart.

Anticipating a lower high being set at a highest target around the upper trend line of the wedge and then lower from there.

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