SPY BEARISH TO 351 update

24 Nov 2022

A slight change from the last update. I am still bearish to 351 from this rising wedge on declining volume. In the last update, I neglected the whole volume profile and drew the trend lines incorrectly. The structure is the same but different trend lines. The declining volume is very pronounced, especially on the weekly chart. We also seem to be in a smaller consolidation that may take a little bit higher before the overall break down