S&P 500 just went back to downtrend channel - Part 2
Updated
S&P 500 has gone up around 14% in less than a month.
From the 4hr chart, we could see that a rising wedge is forming.
Right now, S&P 500 is at resistance.
From what we know, rising wedges tend to break downwards, we could expect it to break downwards in the following days.
Disclaimer: This is not a financial/trading advice.
Part 1:
cryptovan168
From the 4hr chart, we could see that a rising wedge is forming.
Right now, S&P 500 is at resistance.
From what we know, rising wedges tend to break downwards, we could expect it to break downwards in the following days.
Disclaimer: This is not a financial/trading advice.
Part 1:
cryptovan168
Note
look for nearest support
Note
Update:Bear pennant formed.
Disclaimer
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