SPY(3h) - RSI study update
Bulls/Bears battling it out. QE3 move has been a good 17% from the June lows. Showing some signs of weakness from RSI very overbought level. Trend and channel still in the bull's favor as we stayed above the announcement day levels, and the sluggishness could be due to the options/futures roll last week. Looking for a topping pattern of some sort now. The large green volume bar seems interesting.
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