In the SPY daily chart below you can see that the CMF stayed in the red on the last rally up from the December low. Relative Strength declined when you would want to see it stable or rise during a move such as the one we recently had. The rising wedge price pattern is also troubling along with the SPY being in an OverBought area on this chart. Let's see what happens Friday morning Dec.11,2019 with any potentially surprising news.
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| Courtesy of ChaikinAnalytics.com |
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