SPDR S&P 500 ETF TRUST
Short

$SPY Update, Rising Wedge Broken

643
As you can see, the market seems to be anticipating a negative FOMC meeting today, as a result, the rising wedge pattern we have been in has been broken. I expect this to retest $420 area short term, a long term wedge break would be below the $420 level, which in my opinion would indicate a macro correction near $380 levels.

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