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SPY Rising Wedge Update, May 1st

May 01st, 2009 Comments(0) tagged , , , , , , and

The wedge completed, and seemed to resolve to the downside but only for a day.

SPY is now moving up within an uptrending channel. Volume has been decreasing and MACD is in a no-man’s land.

Click to enlarge
may1_spy_wedge