Quantum_Maryland_Capital

$SPX: Possible Wedge

Short
SP:SPX   S&P 500 Index
3
I am not 100% confident that the wedge drawn is driving the market, but it connects many important points.

I thought the plunge would take us to 43 ish, but 50 held and buyers flooded the market with orders.

Looking forward 2185, of course, remains a level of interest but trades cannot be called in advance because its all about context.

If the wedge is operational, its simply a matter of time though Brexit and earnings could muddy the waters.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.