SPDR S&P 500 ETF TRUST

Potential Rising Wedge Forming in S&P

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Very similar price action to May around the end of the month, there is a potential rising wedge forming into the 27th June coinciding with a backside retest of the 2 year uptrend channel that was finally broken back on the 13th June. Keep eyes peeled for indications of selling picking up into that area.

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