SPX - Long term uptrend line unlikely to hold. Even if prices where to be halted at the yellow uptrend line (SPX 1750), this still represents a further 55% fall in today's prices. 'Post crisis we will likely end the positive uptrend that began in the 1930s, and enter a period of zero or negative GDP growth furthermore' - to paraphrase Klaus Schwab (Founder/CEO...
SPX500 - 1,760 target is likely in short order (or maybe worse). If our current momentary system ends (fractional reserve lending post crisis), and we factor in Agenda 2030, Long term uptrend of growth ends for good (as does this century long uptrend pattern between the two red lines).
S&P500 index. It's a long way down, as we face a future of rising interest rates.
SPX500 wedging itself into a rising wedge.
S&P500 testing Uptrend line.
thepatternsite.com Breakout can be in either direction.
If the US 10 yr treasury rate falls, the breakout will be upward breakout.
S&P500 daily- Still within Rising wedge if using non-log chart. Of course, on the Log chart, the S&P500 has already broken support line. However, I think from history, the market tends to favor the non-log chart in most cases.
For further info on Rising Wedges. thepatternsite.com
SPX500 Resistance becomes support.
S&P500 daily- Perfect Megaphone (Broadening Wedge),RSI Divergence. Perfect storm?
S&P500 daily- Bearish divergence on RSI, and hitting resistance within Broadening Wedge pattern.
S&P500 target 36000- Before major resistance.
S&P500 Monthly- Long term chart. Bearish RSI divergence. 1600 worse case target.
S&P500 daily- Divergent RSIs. Three consecutive higher highs in price peaks, and three consecutive lower lows in the corresponding RSI peaks. This is bearish unless we snap out of this.
S&P500- possibly a post-Trump November election victory rally to 4000 in 2021.