Pashabxl

SP500: Rising wedge?

SP:SPX   S&P 500 Index
Well the chart is very clear, and the mechanical progress of SP500             has proven itself for the last 4 years. Therefore before the end of the tappering process, we may very much be faced with such a scenario. To be confirmed of course.
even worst.... We may face a string correction rather then a lighter correction because the progress was above all expectation and too strong.. Still 1880 would be a mininum, 1840, a normal correction, 1820-1780 a sign a reversal
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