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This is NOT a Cup and Handle Pattern - SPX, ES1!

This is NOT a Cup and Handle Pattern - SPX, ES1!

On first sight, this appears to be a textbook cup and handle . However, volume continued to decline during the uptrend and there is a divergence on RSI . These indicators show that the underlying price is weak and will not rally further.

THIS IS NOT FINANCIAL ADVICE. THIS IS MY OPINION. TRADING INVOLVES RISK.

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