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Investors face three deadly mistakes after Trump claims he was wiretapped by Obama

President Trump’s tweet accusing his predecessor of wiretapping him during the campaign — followed by Barack Obama’s denial — has created a highly sensitive subject for many people.

With this type of allegation flying around, investors must be pragmatic and review the hard data without a political lens.

This is happening at a time when the stock market is vulnerable in the short term, as illustrated by the annotated chart of S&P 500 ETF SPY, -0.30% (Please click here for the annotated chart.) The negative signals include relative strength indicator (RSI) divergences from the price action, RSI rolling over from an overbought condition, volume and volatility patterns, and the magnitude of the rally in such a short span.

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