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$SPX Broadening Wedge - Rising Wedge - Possible H&S - Weekly

Short
S&P 500 Index (SP:SPX)  
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SP:SPX   S&P 500 Index
Head and Shoulders Wedge Technical Indicators SPX (S&P 500 Index) SPDR S&P 500 ETF (SPY) DOW
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headandshoulders wedgepattern indicator spx spy dow
Broadening Wedge partial fall to F would be bullish. Currently, we are at the bottom trendline of a rising wedge so expect a slight bounce in the next day or so. Very soon, we should fall out of the rising wedge retest the trendline and fail. Judging on other stocks I've charted such as $CIT (see below) we could move into an H&S. I expect we could fall down to $2,538.00 and then see a reversal to the upside.

MACD, RSI, and OBV all show bearish divergence.

Weekly chart $SPX

Cit Group (CIT) The Rising Wedge H&S Death Combo!?
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