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The_Unwind
Dec 9, 2019 11:47 PM

Short Term Alert ! Potential "Rising Wedge" Breakdown 

TVC:SPX240
S&P 500 IndexTVC

Description

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Short Term Traders should be aware.
4 Hour S+ P 500 Institutional Chart, Closed Bearishly on 12/9/19.

The risk here is for a potential
" Rising Wedge" Breakdown.

4 Hour Support is currently just below the market at S+P 3134.62

Short term trend shows that if that key support breaks,
then"gap filling" could quickly bring the S+P down to 3120 minimum.

Special thanks to jbird7839, and chinawildman,
for their excellent pattern recognition, and momentum analysis.

THE_UNWIND
12/9/19
NEW YORK
Trend AnalysisChart Patterns
Comments
LotusTrading20
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hello,

been following your posts.
here is the tag of the regression line from october lows tonight on globex.
imo, we're in bounce mode for tomorrow. big sell, might come afterwards
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