JackRichards1987

Symetrical Triangle Breakout vs Ascending Wedge

Short
SP:SPX   S&P 500 Index
Many have noted the "breakout" of the triangle over the last several sessions. I have not been convinced it has any legs. We are also developing a nice ascending wedge. My guess is the ~40% of target we hit was all the triangle had, and the wedge will play out to the downside.

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