S&P 500 IndexShort
Rising wedge within a larger ascending broadening wedge
The S&P500 looks to be due for a correction in the near future. It has formed a very sharp rising wedge while playing in a macro ascending broadening wedge. The next FOMC meeting in March should provide clarity and may even be the catalyst for the stock market to pullback.
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.
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.