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S&P500 – Symmetrical triangle on daily chart

S&P 500 Index (TVC:SPX)  
TipTVFinance  
TVC:SPX   S&P 500 Index
sp500index S&P 500 (SPX500) US Indices Equity Stocks trading
2
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sp500index spx500 us indices equity stocks trading
Rebound from 2145 (Sep 26 low) has put in place a symmetrical triangle formation on the daily chart.

Symmetrical triangle resistance is seen around 2180, while support is seen around 2155.

At this moment, it is advisable to wait for a breakout, especially because experts are not buying the OPEC led rally in oil prices.

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