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S&P 500 Index
Short

SPX ascending broadening wedge pattern

By eldeivit
Updated
the SPX is close to overload, its simple to see at RSI and stoch. But i see the possibility of the formation of an ascending broadening wedge pattern. If correct, the idea is as clear a prolonged downtrend and the levels, still a little fuzzy I think that would be:

  • Target 1: 1950
  • Target 2: 1850
  • Target 3: 1750
  • Target 4: 1700


it seems bird of ill omen

comments, suggestions, corrections:
They are always welcome
Trade active
The reaction level was more high than the expected, but the price is weakening, maybe this year we have a santa's micro rally.
Nonetheless the pattern is confirmed by the apparition of a ascending wedge.

good luck
Comment
The ascending broadening wedge works, and then now meaby are in the same situation, close to the cliff.
broadening-formation
eldeivit

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