The last three weeks have seen the formation on S&P500 of quite a solid 'higher low'. Now price has broken above the triangle pattern that had formed. If this rally can sustain and get above the longer term down trend line and print a convincing looking 'higher high' it could mark the true turning point. Remains possible.
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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.