S&P 500 IndexShort
S&P 500 Index Rising Wedge
The S&P 500 Index (SPX) is trading within a classic/textbook rising wedge... A bearish pattern.
As a bearish pattern, this rising wedge is supported by bearish divergence on the MACD and RSI.
Be ready as prices can easily drop.
Namaste.
As a bearish pattern, this rising wedge is supported by bearish divergence on the MACD and RSI.
Be ready as prices can easily drop.
Namaste.
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