SPDR S&P 500 ETF TRUST
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SPY - Major Trend Tap

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This trendline tap suggests it's another buy the dip. Also, the fear is at the highest point since COVID.

Check out the massive rising wedge. It's not a great wedge, but it does make you wonder. This is a cautious long and with anticipation of a flush down to greatly increase the odds of a bear break of the rising wedge.

Notice how RSI correlates with the fear and greed index despite no RSI being used in the construction of the index.

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