Short Thesis - SPY Ascending Wedge
Ascending wedge for SPY dating back to October 2023. Price has rejected off of the top end of the wedge twice recently, making a potential double top. That could be the highest price SPY sees for years to come.
investopedia.com/articles/trading/07/rising_wedge.asp
investopedia.com/articles/trading/07/rising_wedge.asp
Short Thesis:
advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky, most traders lose money!
advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky, most traders lose money!
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