SPY - Greed is at extreme levels
1. $SPDR S&P 500 ETF Trust(SPY)$ : Greed is at extreme levels, and the RSI overbought (>70), a condition that a month ago triggered a healthy pullback to the 20 daily average.
If the pattern repeats, there could be a visit to the volume shelf; but don't be too bearish, that shelf has been matched not only by the 50 DMA, but also by the 200 daily moving average.
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