JonHorvath

SPY joins QQQ as ascending wedge breaks down plus double top

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AMEX:SPY   SPDR S&P 500 ETF TRUST
SPY just joined QQQ by breaking the lower boundary of a 10 month ascending wedge on above average volume. Potential for 40 points downside. There is also a double top whose neckline will be broken below ~285 level.

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