Overbought with daily RSI at 69 and weekly at 73. Also forming a bearish raising wedge (broken orange TL and the pink TL). Looking for a pullback to 20 SMA at 34, which is also a confluence of support and resistance trendlines.
Overthrowing The Rising Wedges
-
In my last post on 24th October I was looking at rising wedges on SPX, QQQ,
DIA and IWM from the April lows and weighing the odds of these breaking
down ...
13 hours ago
