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AlanSantana

S&P 500 Index Rising Wedge

Short
S&P 500 Index (SP:SPX)  
AlanSantana  
SP:SPX   S&P 500 Index
Trend Analysis Technical Indicators Beyond Technical Analysis
39
3
trendanalysis indicator beyondta
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.
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