SPDR S&P 500 (SPY): Head and shoulders pattern has formed on...

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Perseverance71

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Monday, 08/03/2015 7:24:48 PM

Monday, August 03, 2015 7:24:48 PM

Head and shoulders pattern has formed on the daily. 1 year daily chart looks decidedly bearish. All economic indicators point to an overvaluation of the market. Unless the fed has a new magic trick up it's sleeve SPX will crash, hard.

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