$SPY TOP 20
Added 2023-11-08 15:04:36 +0000 UTCWatching $SPY forming a small wedge on the 1hr chart and leaving a number of gaps behind now.
There can be an isolated one below $412 but I do not see how the market can ignore the large one down to the 0.5 Fib at $423.
50 Day MA is also about to cross the 200 Day on the 1hr too, so it is showing that the bulls have turned up in force over the last 8 days.
Let's just be cautious and expect a pull back to come.
