SCHB has been on a strong uptrend since March 2020

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SCHB has been on a strong uptrend since March 2020 looking at the weekly chart, but it may be due for a correction soon.

The RSI indicator shows that SCHB is overbought, meaning that the buying pressure is exhausted and the sellers may take over.

The MACD indicator also shows a bearish divergence, meaning that the price is making higher highs while the momentum is making lower highs. This signals a potential reversal in the near future.

A possible target for the pullback is the 50-day moving average, which has acted as a support level in the past.

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