The daily chart of the SPY would indicate that we are in a rising wedge pattern. We are also at multi-years high in price.
This index has had a strong move from around 1400 to 1485 in 14 trading session where all but three were up days. One would think that there has to be some sort of pullback is over due.
This index has had a strong move from around 1400 to 1485 in 14 trading session where all but three were up days. One would think that there has to be some sort of pullback is over due.