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SS&P 500 Index
Long

S&P 500 Breaks Wedge Pattern, Eyes 6020 Target

By ThinkMarkets
Broker
The S&P 500 has triggered a 64-day-old wedge pattern, signaling the potential for the index to rally towards 6020 in the coming weeks. The pattern remains active as long as the index trades above 5618, with initial support forming at 5685. A sustained move above these levels could confirm further bullish momentum, while a drop below 5618 would invalidate the setup.

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Wedge

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