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Teklologist

SPX trade idea: Capitalizing on the potentially impending drop

Short
S&P 500 Index (SP:SPX)  
Teklologist Updated   
SP:SPX   S&P 500 Index
Trend Analysis Chart Patterns S&P 500 (SPX500) SPX (S&P 500 Index) spxshort spx500short SPDR S&P 500 ETF (SPY) spx500forecast spxanalysis
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trendanalysis chartpattern spx500 spx spxshort spx500short spy spx500forecast spxanalysis
It's possible that SPX price is following a corrective triangle pattern like the one depicted. If so then we can easily capitalize on it. Price would need to drop below price-point B to complete the pattern prior to resuming a bullish trend.
Comment:
Comment:
Here's what the bulls are aiming for. Target given were the pattern to complete.
SPX: Broadening wedge breakout potential target

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