arelkin

SPX - Bearish Rising Wedge

INDEX:SPX   S&P 500 Index
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The S&P 500             is in a classic rising wedge pattern. Historically this pattern results in a breach of the lower trend line followed by a correction. Stoch RSI is diverging as of today and the 8 dma has creeped up within a few points of the price.

Given the resilience of the market I wouldn't get too excited but it certainly cannot go unnoticed.
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