Dr_Roboto

S&P 500 - Breakout of 1M rising wedge - Rejected by 9 month

SPCFD:SPX   S&P 500 Index
S&P broke out above it 1M rising wedge but was rejected by the rising wedge from the Feb/March crash and rally. This level is also the 1.236 fib level (see my other idea from this morning for a tons of details).

Note that any time the market has broken one of these wedges it has always returned back (up or down). Will the S&P now correct out of the 1M wedge and test the large blue wedge support? OR, will we see a gap up tomorrow and make a run for the ressitance line of the blue wedge?

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out