SPDR S&P 500 (SPY): The wedge looks almost ripe, the SPY is...

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Re: None

Monday, 01/21/2019 9:15:11 AM

Monday, January 21, 2019 9:15:11 AM

The wedge looks almost ripe,
the SPY is way overbought,
SPY has touched the upper BB and looks ready to pierce it.
The 200 day EMA may be strong over head resistance.

If you take the chart and overlay NN OE chart they work well except for the fact he expects 2019 to finish in the positive

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