Using The Strat we can easily see that SPY is at the top of a broadening formation. Lots of catalysts can make it break or reject right from it. Earning week as well as FED speaking about interest rates. If 75 BPS hike, we bounce off the BF and go lower. If FED Pivot, we Rally and break through this Broadening Formation.
Chart PatternsSPDR S&P 500 ETF (SPY) Trend Analysis

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