SPY Is Forming A Wedge

September 19, 2023
Author: Peter Stolcers, Founder of OneOption

The FOMC will break us out of it, but I don't believe there will be any follow through.

PRE-OPEN MARKET COMMENTS TUESDAY – The market chop continues. Last week the market rallied above the 50-day MA and now those gains have been given back. A D1 wedge is forming and we are right in the middle of it.

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