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TurkishBearCapital

Double rising wedge S&P

Short
S&P 500 Index (SP:SPX)  
TurkishBearCapital  
SP:SPX   S&P 500 Index
Trend Analysis Beyond Technical Analysis riskreward Rising Wedge
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trendanalysis beyondta riskreward risingwedge
The S&P RSI shows bearish divergence.

In addition a double rising wedge.

Combined with fundamentals (oil, unemployment) a recession is unstoppable.

The S&P is bound to drop with at least 10% in the coming days. A trigger moment could be the unemployment figures released tomorrow (Thursday 23/04/2020)
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