broadening wedge short term S&P

FX:SPX500   S&P 500 Index
Making equal highs but lower lows here. Very strong resistance at the 3000 region. If this were too be breached I would expect a fake breakout. There is a very high chance that we reverse downward here.

If there would be a sustained breakout at 3000, the long then looks more promising. However with BTC being a leading indicator of the stock market recently (correlation between sp500 and BTC are very high right now) the bias is still strongly downward.


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