S&P 500 Index 4H
S&P 500 4H
Price is currently maneuvering through a HTF descending broadening wedge and is testing resistance at the upper trendline of this pattern. A pattern breakout and a confirmed close would be necessary for an upward move before testing resistance at 4632.22. A failed pattern breakout would send price down to test the 4566.22 level which must hold as support to avoid a continued downtrend to HTF Long term trendline.
Price is currently maneuvering through a HTF descending broadening wedge and is testing resistance at the upper trendline of this pattern. A pattern breakout and a confirmed close would be necessary for an upward move before testing resistance at 4632.22. A failed pattern breakout would send price down to test the 4566.22 level which must hold as support to avoid a continued downtrend to HTF Long term trendline.
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