CasualFinance

S&P 500 Breakout Possible

FX:SPX500   S&P 500 Index
Trapped in a descending triangle on the Daily, a typically bearish pattern , SPX500 may break out bullishly as pressure on the weekly builds. Indicators broadly show they are nearing bullish levels and the ADX trend line has reached a trough, indicating the current cycle may be finished.

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