$SPY Nifty how this observation has came into near perfect fruition "My bet is that Step 3 follows. Step 4? TBD but rising wedges often lead to reversals after completion." Those steps were: 3) stocks above the 50D EMA ramped into near overbought territory as SPY made NATH (barely) to complete the rising wedge We are now on step 4.. Correction beginning?
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