Directly after breakout out of an ascedning wedge pattern, the SPY is not forming a descending triangle. This is a bearish formation that is corroborated by weak indications from RSI, MACD, and Stochastics
The S&P 500 is still ripping & is still going up. Puttin up shorts is
against the trend & can lead to margin calls. But could the S&P500 bullish trend ending soon?
It looks like an ascending wedge, a short would be great if the trend changes. All the indicators are still
green & it did not broke out of the ascending wedge.
But we know.. what goes up will go...